All Forum Posts by: Esmeralda Garcia

I just found out my tenant has a daycare or babysitting business in my rental. So is getting them to get additional insurance for any accidents good enough to cover me against damages or accidents or do I need to just let them know they can't do that business at the home? I want to be sure I am not legally responsible should something happen.

Can you send me this packet also.

So over time if I purchase this property the value right now is on the

mobile home because it is new. 3 bedroom 2 bath gorgeous home that I am

planning to rent out for $1200 and an older home built in 1930 2 bedroom

1 bath in good shape and well maintained for $850 a month. This is a

cash purchase from my retirement acct. So will the value for this mobile

home appreciate with time since it is the one with value for now, I

hear mobile homes depreciate over time. Will I eventually be losing

money since the smaller home is only valued at around 30k.

So over time if I purchase this property the value right now is on the mobile home because it is new. 3 bedroom 2 bath gorgeous home that I am planning to rent out for $1200 and an older home built in 1930 2 bedroom 1 bath in good shape and well maintained for $850 a month. This is a cash purchase from my retirement acct. So will the value for this mobile home appreciate with time since it is the one with value for now, I hear mobile homes depreciate over time. Will I eventually be losing money since the smaller home is only valued at around 30k.

So it is owned by a realtor, it's been gutted so needs full electrical, plumbing, windows, doors, drywall etc. Once complete the unit could be worth 350k. A year ago it was sold for 80k. It is in an area that has not fully come up. I'm having a hard time trying to figure out what is a good price to offer. Owner says rent could be at $900/unit but other rents in the area only show roughly $700-$750 high side. I'm guessing at least $150k to renovate. Trying to get numbers from contractors for this. It has a building attached that I wanted to convert to a laundry facility that could bring in more revenue. I think the units can be rented quickly but don't want to get over my head on this. Any thought please let me know what I should be looking out for. Maybe new plumbing run to meter. Will not have gas so I don't have to worry about that. 200k just seems like too much in it's condition. Really thinking of offering 150k? Is that too high? Too low? It will be a cash offer. Later I will finance.

SO if it listed on Auction.com are they free of any liens if it is a bank owned property?

So is the property in your name and the LLC only does the business end of it? SO if you purchase a home to rent it can't be under the LLC?

So I've been searching in the legal notices and for the pre-foreclosures they list the address and the owner to be foreclosed on. It also has contact information that also has a clause, at any point of this notice is it possible to purchase the home from the homeowner to stop the foreclosure, if so what are the steps? Should I consult the attorney listed for the bank or the bank to find out if a sale can be made? I was told this was possible but not sure what the red flags are.