All Forum Posts by: Matthew Paul

If she can get a loan to cover what she would have to pay her ex, then she'd also need to get roommates or something to help her with the mortgage payments. But honestly if she can barely make mortgage payments on a home they bought for $350K, will she be able to do payments on another $100K which is what she'd need to buy him about.

She should also get a lawyer because if she's the one who has been doing all of the payments on the home for the last 2 years, then she needs to make sure she gets some of that money back when they sell it (ie not 50:50 until she's taken her bit out for the last 2 years of mortgage payments and property taxes, etc).

Thats all dependent on what was ordered by the courts .

1 Vote

Los Angeles County, California

Tell the tenants that you had a "no pets " policy and make them get rid of them

1 Vote

The only people to benefit from this will be the lawyers . Sheetrock replaced 5 years ago means nothing , bad wiring could have been there for decades . Unless you can prove beyond a shadow of a doubt that the sellers knew of this and intentionally hid it , your money is better spent on repairs than lawyers .

0 Votes

Houston, Texas

Ask yourself what could go wrong ?

Insurance companies will have records of a sink hole on the property .

0 Votes

Allentown, Pennsylvania

Have the cleaners or landscaper dump a cup of bleach in it once a week

0 Votes

Quote from @Jay Hinrichs:

Quote from @Eric Gerakos:

That “cashflow” is paper cashflow. When you consider who your tenants will be, vacancy, evictions, and maintenance that are part of owning property in an undesirable area, the reality can often be negative cashflow.

I have been there its a dead and dying town.. why anyone would invest there is beyond me.. its what happens when industry leaves a town high and dry. 10 years ago you could buy houses there for 500 to 1000.. and thats all they are worth. IMHO..

Thats called affordable housing

0 Votes

If you dont have a copy , drill the lock , inspect the property , put on new locks

0 Votes

Look them up on you tube

0 Votes

The best bang for your buck would be townhomes , then duplexes , then single family . But pushback from neighbors and the council can be costly in time and money

1 Vote

All Forum Posts by: Matthew Paul

Matthew Paul has started 166 posts and replied 6745 times.

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