All Forum Posts by: Liza T. Jones

@frankchin Mr. Frank, Thank you for your response and personal share.  This is why I asked.  So many things to consider and how to go about it. You've provided insight into questions and numbers I need to know. Honestly, my father is in his 70s and has been doing what aging parents or elders do, declining. I just want to ensure things are in order mostly but if I am able to have a benefit in it, I will take that as well.  Haha  

Your time and feedback is appreciated. I will consult with that estate attorney.  Life is better with a team.  Blessings 

Hello All, 

While real estate had been always been on my mind, buying or investing sometimes felt like a good idea without a path of action or my life was too crazy busy.  Nevertheless, my parents have a home and as my mom as passed, my dad is the sole title/deed holder.  He has consistently asked me to take over the deed/title for the last 5 years.  Well my inquiry is simple. 

Is there any RE investment concerns for doing this? Planning to add to my RE portfolio by the end of summer. 

Any suggestions, ideas, good bad experiences. They are welcomed!

@Shaniquea Fails I was just given a brochure for renting to "veterans only" through a similar program. I am in So Cal but it maybe worth a look to see if the backing is more comfortable and secure in your area... the HUD Va program is doing a 30/70 split. 70 backed by the VA 30 provided by the vet and the Vet has a case manager etc. So you could benefit from calculating the numbers if you only received 70 percent guaranteed process versus having regular a tenant over time, etc. Also read how the program collect or enforces the individuals to pay and care of the homes. It all about yours rights and limitations. I know it not a definitive answer but it maybe worth the risk.

Ask the questions and lets see if it’s your desired process.  

I know the horror stories can be difficult and disheartening but stay encouraged and check the policies and procedures for yourself just in case you get a “difficult” tenant.  

Be well and keep moving 

Blessings