All Forum Posts by: Kelsey T.

Hi @Carly Baum, I'm a little south of Reno in Carson City. Tesla and Google are moving in so things are happening in this area :)

@Bill Goodland great job, and loving the charm of the old stone building. Hard to find those over on the West Coast!

@Evelyn Castillo hard money lenders will definitely have higher rates. I would recommend as a first step to work on your credit and saving up some cash to get started. Based on my understanding, they often like you to have some skin in the game, which would require at least as much as you would be putting down for an FHA loan. But there are lots of creative ways to get started. Best of luck to you!

@Account Closed WOW! Such a great project, thanks for sharing!

@Joe Carter would strongly recommend NOT filing for bankruptcy if you can avoid it at all. Do everything you can to rent out your current duplex (if I read correctly and that's what it is?)- if possible both units and go get the cheapest rental you can find for yourself to live in. Work like crazy to get that debt paid off. $80k is a lot but definitely doable. Nobody knows what is going to happen in the next couple of years, but you will miss out on a LOT of opportunities with a bankruptcy on your record. 

@Max K., when looking at potential purchases, I often look on craigslist for rentals in the area to look for comparable housing and prices. This will give you a good idea on supply/demand as well. You can also reach out to local property managers to get a feel for things. You can simply google PMs in your area. I have found many of them are open to having a discussion with you about supply/demand and appropriate pricing. 

I would be sure that your grandmother and/or other family members know that you are interested in purchasing the property when the time comes, and do everything you can to prepare for it now! Best of luck!

@Sienna Parker we have two rentals in Northern California (near Davis and my hometown of Murphys), but we are looking at a deal in Southern California and we would like to make a move near San Francisco soon since my husband Spends a few days a week there for work. 

@Maya Torres I would look into what you are legally responsible for as a property manager. If it's just communicating with the owner, then you have fulfilled your responsibility. If it's any more than that I would request that he transfer the property to another PM to prevent any of his negligence coming down on your head. 

Hi @Sienna Parker! Great question/thread. Sounds like an awesome company to be working for. I would agree with what has already been posted, those are great returns! Where are you looking at investing?

I haven't come up against this situation, but would it be kosher to ask for 2-3 different payment histories? If she could show that she has paid rent, utilities, and a cell phone bill on time for the past 6-12 months, that would make me rest a little easier. A cosigner would be easier though...