All Forum Posts by: Mylene Mejia

I have one rental in Louisiana and when we got flooded... the rental lease is not in effect anymore as the house is not live able.... it's a pain if u don't have insurance.... if ur renters are good for it.... at least ask them to take out their stuff in the curb... a lot of renters just here just left.... and landlords has to do all the hauling away of their thrash too... On the gentle note.... pls be cautious when talking with renters... pls be kind and understandable that they too lost a lot of their possessions aside from the fact that they might not have a house to rent as housing demand will be very high....

Justin Tahilramani it's basically similar... The 2nd house is bigger by 200 square feet and has a bigger master bath.. It's both 3/2 and in the same zip code... Scott England I don't have any liens or financing taken on it... Just the same fha loan that was made to mortgage it... Thank u for the replies.... I guess I'll just look for something larger...

I bought our primary residence via FHA loan and in the papers it said we have to live there for a year... It has now been 2yrs and some months... So I was getting ready to buy another house with a conventional loan with 5% down.. making the 2nd property as primary and turning the 1st property into a rental... When I called a lender, they said this cannot be done and is considered a mortgage fraud... They said I have to have a good reason to transfer for the underwriters to approve it... I called my realtor and ask if there's any lender she might know who can approve me for the thing I'm trying to make... And after some calls and question, she said the same thing... Am I missing something? because I've heard in the podcasts where people where people did

thank you all for the warm welcome...

thank you..

@robert Leonard... I'm already a member of the ring... I'm hoping to be able to attend their march meeting since I missed last month's...

good day everyone... I have been lurking on the site from a couple of months now... I can't believe the information being handed out here... It really makes me think that I could be in this business...

I am currently employed full time and trying to get my finances right..I'm hoping to do buy and hold in the market of under 30-50k.. As of the moment, I am trying to educate myself as much as I can and planning to get the real estate agent's license as well...

Im hoping to network with other people in my area....