All Forum Posts by: Juan David Maldonado

@David M. Thank you for your advice! 

Thank you for your advice! 

@Brian Garrett Thank you! @Michael Plante Yes, I was also thinking is a top priority! After the roof is done. What do you recommend after that?

I have a property that needs a total demo and renovation. It has not been lived in for about twenty years.

It needs a new roof, I don't know the extent of electrical, I don't know the extent of plumbing, and personally, framing/walls is at the bottom of this list in my opinion.

Yes, I am going to walk the property with a contractor to get their advice and bids. My plan is not to sell it.

Which project should I do first with my money?

I have a property that needs a total demo and renovation. It has not been lived in for about twenty years. 

It needs a new roof, I don't know the extent of electrical, I don't know the extent of plumbing, and personally, framing/walls is at the bottom of this list in my opinion. 

Yes, I am going to walk the property with a contractor to get their advice and bids. My plan is not to sell it. 

Which project should I do first with my money? 

Thank you so much! I will take action on your advice! 

Who determines the rent amount for my unit if I want to rent it out for section 8. The local housing authority or myself? I understand section 8 pays 50% to 80% percent of the rent, and the tenant pays the rest. If I want to set the rent at $1,000 a month will the local housing authority not allow it?

Hello, my family owns five acres of vacant land that is paid off with development around it in my hometown. If my family signs the ownership deed to me. Can I pull a HELOC on it to build a rental property on it?

What has been your experience winning property through tax deed investing? Are they worth the time and energy? I understand the previous property owner can pay back the city/county and you not get the property. 

Soo...long story short. My mother owns my grandmother's home now and it is paid off. She does not want to turn it into a rental property, but I talked her into using the HELOC on it for me. The home is currently valued at about 65k after checking the county appraisal website. However, the home is in poor condition. Major work to make it liveable.

My question is what do appraisal companies look at to determine the home value? And is this possible to do with a home in poor condition but has value and is paid off?