All Forum Posts by: Jeannette G.

Thank you to everybody for your great advice and helpful responses. I wasn’t able to hear everybody out as I hoped because the first reference that I followed worked perfect for us. It’s an off-market property owned by a family who had already moved and were going to begin preparing it for either rent or sale so, they are willing to work with us. They are in no rush and it is the perfect area so we are very excited about it and going to pursue with this opportunity. This is the best forum I’ve ever posted on!!! 🙌👍😊

Oh, silly me! I see your contact info at the bottom of your comment. I’ll phone you tomorrow! Thanks! 

That would be wonderful, thank you! Would love to speak to them. Let me know how we go about doing that as I believe there’s no contact info allowed to be posted here. New to this forum obviously! :)

Thank you Manalo...

My parents have been approved for a hard money bridge loan to pay off their new house with money on the sale of their current house. They are both retired and cannot qualify for standard mortgage loans or refi’s without income to prove. We’ve been looking at homes completely renovated between 700-800k. There are beaten down options in the 500’s but based on the loan limitations and smooth transition of my fathers move from one house to another, it just doesn’t work with buying and doing the full renovation ourselves. 

Thank you Joe! My parents started a family trust at least ten years ago that if I’m not mistaken, allows for a small portion of those taxes to be relieved each year. Not quite sure how that works but my father is pretty savvy with tax related stuff so I’m sure he’s aware of what to expect on that end of things. I am single but bought my home ten years ago so a great portion of my equity is paid down principal. I’ll clear the quarter mil tax threshold I think. I’ll look further into it though. Thank you for the heads up! 😊👍

Hi everybody...

I have a very unique situation that has become nearly impossible to find a solution to. I have been looking for a home in the 90808 Long beach area or Cypress and La Palma. It's a small circle of where it must be because my father is handicap on a wheelchair and he needs minimal driving and to remain local to his doctors, etc. 

My parents are still married and live in the same house since 1978 that is paid in full and could probably sell for 1.3mil. It's in Cerritos Ca. and it is two story 2800sq ft. with a pool and spa. The downstairs has many handicap features such as a roll in wheelchair ramp for the pool as well as a harness lift for in and out. Sliding door rail flips up for a flat roll out exit. Roll in shower. As well as ramps in garage and small living room. They are mid 60's and it's time for them to downsize to a one story for my mom to have her room next to his. 

My situation... I own a home in La Palma Ca. that is a one story just under 1400sq ft. that I could probably sell for 690k. It has a very luxurious back yard with beautiful pool and glass fire bowls with waterfall and bbq/fridge. Just the whole works. I've done quite a bit of upgrades out front as well. Granite stone wall, IPE custom gates with white laminated windows to match the garage. Front door is same glass, full glass. Other features are surround sound airplay speakers throughout the whole house and a bunch of smart features basically. I open garage and unlock doors and play music or tv and turn on air or heater all through my phone. There are a few cameras around it including doorbell to communicate with anybody who visits. So there are many cool little features. Only owe 385k on it so there's a good 300k equity in my house. 

So, we have these two homes and we have been looking for one in the area mentioned above, that is single story without many steps as it needs to be handicap accessible along with a seperate back house like a Granny pad or whatever they call those. That would be for me of course. My mother needs my assistance in picking up my father when he falls and stuff so I'm just going to move with them but DEFINITELY need my seperate space. 

What I am thinking is that finding one of the many investors in the area who buy old homes and fix them up to flip them... It would be great if we could get one fixed up how we need it and buy it complete from this investor. We just need the front unit to be 3 bds. 3 bths. with two master suites. One of those having a roll in shower and lower sink/mirror for my dad. My mothers suite would of course have her bath and walk in closet. The third bed would just be their spare/guest room for when my sister visits and of course they need a bathroom for any guests so they not having to use one of theirs. My unit just needs to be one bed one bath with a private entrance hopefully. Totally flexible on mine. It could even be a converted detached garage which, are very common in that area of long beach. Aside from that, just some grass... pool/jacuzzi would be nice but not mandatory. Just can't have steps anywhere basically. 

Sorry to ramble on... I'll leave it at that as I'm sure you get the point. Working with an investor who would buy both of our homes and prepare a home just as we need it would be ideal so everything and everybody remains on same schedule and just simplifies everything. The transition from one home to the other for my father needs to be smooth as we can't just camp out anywhere in limbo. If anybody on here is or knows of the many investors/contractors flipping homes in our area and could send me a referral I would greatly appreciate it!

Thank you so much!