All Forum Posts by: Jeremy Paschedag

Congrats on your upcoming wedding. 

Not sure about in California but in Missouri, it didn't matter who's name is on the mortgage, both have to sign when selling it. 

If the wedding arrangements are all complete or if you are going to contract the repairs/improvements, then get it now. That's sooner to start collecting rent. Sooner is better than later. 

I had push back once when I was showing the property to 2 different families at the same time.  They knew that one would end up paying and not getting accepted.  Consequently only one completed the app.

I explained that they send it to the background check company and I do not get any of that money. 

As others mentioned, if you are concerned about the fee, tell them if the application is correct and truthful you'll deduct the fee from what they owe on the deposit or first month's rent. 

I charge a pet fee, but I also charge $15 a month per pet.  Over the course of the tenants stay, you should still be able to make a couple bucks on the pets.

Generally, how long do these go?  I have a commitment already on the 2nd Wednesday of the month in south county that also starts at 7.  If my meetings end close to 8, I may be able to stop by for the STL meet ups.

Thanks!

Like most are saying, stay away from condos.

Invest sooner rather than later.

Are there any investor groups in the St. Louis area?

Two car loans and student debt.  Plus bankruptcy...  I'd say walk away.

Talking to the current landlord is not the source of truth.  They'll tell you she's good regardless.  If she's good, they'll say she's good.  If she's bad, they'll tell you she's good so they get her out of their hair.

You might talk to her landlord from two places ago.  Does she have car loan(s)?  Student debt?  MAYBE she has learned from her past mistakes.  Such a judgement call.

When I'm 59-1/2 years or older and want to put the IRA properties in my name, what is that process? Would this be considered a dividend? Or does the property

When purchasing a property, do I complete the paper work from the title company? Or does the IRA custodian?

Thanks!