All Forum Posts by: Hunter Fitch

Happy wife, happy life. I'd buy the primary first. Also, owning your home should help when it comes time to get loans on other properties/flips. Good luck!

I haven't read the other replies. I would first give the GC the opportunity to PROPERLY fix the issue on HIS dime. If he refused, I'd file a claim with the Registrar of Contractors in your state.

Note you don't need to pay for a lawyer (initially). File with the Registrar - this is what they are there for and why GC's have to be licensed.

Are you only lacking the motivation to continue? Perhaps focus on one niche instead of looking at several? Personally, when I get too scattered I tend to suffer from paralysis from analysis.

Even if you "cleared" $200k on the deal I would not sell for the shear fact you'd be paying capital taxes. You are cash flowing a nice chunk of change for a $375k investment. If the area continues to develop you are going to kick yourself in 5 years when the price has doubled. Hold, hold and hold. Good luck.

Awesome!

I have a rental property that was Quit-Claimed to me about 4 years ago. The title is in my name but I've been paying on the loan which is in my uncle's name.

I've got the funds together to pay off the loan with cash. What should I expect from the bank after the loan is paid off? Obviously I own the home but what paperwork might the bank send my uncle? Is there any confusion I should watch out for between the bank and the title company? Thanks in advance!

I have a rental property that was Quit-Claimed to me about 4 years ago. The title is in my name but I've been paying on the loan which is in my uncle's name. I've got the funds together to pay off the loan with cash. What should I expect from the bank after the loan is paid off? Obviously I own the home but what paperwork might the bank send my uncle? Is there any confusion I should watch out for between the bank and the title company? Thanks in advance!

I have a rental property that was Quit-Claimed to me about 4 years ago. The title is in my name but I've been paying on the loan which is in my uncle's name. I've got the funds together to pay off the loan with cash. What should I expect from the bank after the loan is paid off? Obviously I own the home but what paperwork might the bank send my uncle? Is there any confusion I should watch out for between the bank and the title company? Thanks in advance!

I have a renter in a home that uses it for weekend getaways. It's in the woods where temperatures can freeze, so it's very common for people to shut off the water to the home if they are going to be away for any period of time. Sure enough my renter left the water on and a leak sprung on the back of the house. It didn't do any damage to the home and I was able to have a plumber over the same day we heard about it to fix it. Now the renter is complaining to me about the size of his water bill. I feel like I should not be on the hook for the bill but wanted feedback? Thanks!

I don't understand all the people on this site screaming for you to leverage yourself to the max. Have we already forgotten the lessons of 2008? Personally, I don't even look at equity - it's all about the cash flow. When I retire the equity will mean something, but not today.