All Forum Posts by: Joseph Pond

@Nathan Gesner this is great info on VETing property managers thank you for that. 

Thank you as well Kenny.  This is a duplex in Coldwater that I already own with tenants already in place.  

Does anyone have a recommendation for a property management company that services Coldwater, MS??

Memphis, TN

Desoto County

Tate County

With an owner finance sale, you are essentially the bank. They become the owner of record and you are the lienholder and they pay you monthly.  In that case you don't have to worry about insurance or accidents since you don't own it. They carry the insurance and pay the taxes. You can by all means do a rent to own if you prefer that, but like Jason said you would probably get a builders policy during the rehab and a renters policy once they move in. 

Why don't you just owner finance them instead of rent to own, so the deed will transfer and they won't be your properties anymore. 

Everyone has either had bad experiences and can't recommend one, or they have a good one and aren't sharing them... haha

Thanks @Douglas Skipworth! I am going to set up an appt with him. 

Looking for a good licensed RMLO in TN or MS.  Any recommendations?

Great Investor Opportunity ~ Amazing location! Walking distance to Rhodes college, Greenline, Memphis Zoo, Snowden and Overton Park. Recently updated kitchen countertops and cabinetry/hardware. Stainless Steel appliances stay. Separate laundry room.

My mom owns a home free and clear that is worth 169K, she is going to sign a quitclaim deed as me as the grantee, with her name also still on the deed until she passes away. Can I take out a HELOC to help with my real estate investing on a house that we will own together? Will there be some sort of waiting period before I can?

Merry Christmas!