All Forum Posts by: Jonathan Key

Brittany,

First off congrats on the nuptials!

In your financial position I would recommend you do....nothing. Yup, nothing. For now.

You and your husband are in a position to do just about anything your would like. But certain things may not be for you, especially in real estate. There may be certain things in real estate you and your husband do enjoy. Those are the ones you should put your money and time towards. So hang out on BP and poke around and absorb the wealth of material, just to see what sparks your interest. Maybe read a book or 2 on the real estate subject that does interest you. Take a class or attend a seminar or webinar. Join a Meetup or REI group THEN decide.

Only in Love should you jump in feet first - everything else one toe at a time is the prudent course of action.

Keep us up to date on how it goes!

If you are getting higher end rent than you will have to put up with her, unless you know the place will rent quickly when you choose to not renew the lease.

Me personally I would dump her, especially after the stove thing. My food cooks unevenly....really?

 Ditto!

That is a broad stroke question, and it really depends on what your goal is with the different type of investment. Sometimes rentals may need more rehab long term the more you change tenants. Flips can cost you next to nothing to well over $100k.

Money is not the issue when it comes to Real Estate my friend. You biggest investment is time. You can lose money and make it back. Once you lose time it is gone. My advice is to figure out how much time you want to invest in real estate. The rest will be just a number.

Hello there Tyler, sounds like you have yourself a challenge on your hands!

As far as the floors go I think if you cut your losses and replace the floors, the question asked in #2 will fix itself. Once you 'de-hoard' the place and pull the floors, things will start to smell better. You will probably have to replace some of the wall areas but not all of them. Of course the entire house will have to be primed and repainted. Once you have done that things will smell better unless there are fixtures that have been damaged too (cabinets), so be on the lookout. Also, if there are cats still around then you will need to partner up with the local SPCA to have them removed humanely. That's also great community relations.

With that type of condition you should get the house for a steal I hope! Please keep us BPrs updated as to how it goes, and good luck!

It's your lease, so you get to do whatever term you want as long as there are not state level limitations that dictate otherwise. Or you could tell him you will go month to month for 3 months, after which you will require a new year lease.

Its trashed. You would have to find a carpenter to rebuild it by hand, it's that old. Just go with something modern with a style that will fit the house.

@Mark Jovan Welcome to BP!

You are in the right place to learn. Even in my short time here I have learned things that have saved my you-know-what ALREADY. Tons of good stuff here, and the people ain't bad either!

Great question, great thread! I can't wait to see how this one turns out.

I am wanting to know the same thing, but mine opinion is skewed as well. Intuit lost me this year as a customer at tax time, so I am wondering if I decide to use QB as my software if I will be stuck at tax time. I hope not....

@Erik Trefzger Thanks for posing the question!