All Forum Posts by: Mark Gallagher

@Jesse Kindra you should connect with @Jay Hinrichs he would have a few different vehicles for you.

@Maureen Watkins

Depending on what you're looking for, I can assist. 

@Sean Carroll

Yes, but I prefer blue ink to red. It's going to be hard to mass mail by hand, you can find companies that have fonts to make it look like handwriting. 

@James Allen

I don't think I understand fully then. Why don't you just move there then and wait a month or two? 

@James Allen

As @Christian Bors says, you're not going to be able to get an FHA loan. You would need to move there, and take up employment that covers your DTI ratios.

However, you could try to get a bridge loan, move there, and THEN get the FHA loan once settled in and employed.

@Aaron Hurst

I agree if it was disclosed that you don't have any reports, than there's no issue. 

I would see if you could offer them money to get out. Lead paint could be only the beginning, copper theft, vandalism, etc. could come down the pike. Might be best to give them $1000 to GTFO. 

@Don Chambers

If you're going to bid in the owner occupant phase, put the offer in her name, and execute a mortgage against it to secure your interest. When she moves out, transfer title to yourself and satisfy your mortgage. 

Otherwise, wait for the investor round. They do check, and they do prosecute. 

@Jack Macioce

Keep them rented, and it sounds like you have a solid first property. 

@Sean Carroll

White postcards with black text that say stuff like "I've been trying to reach you!" = bad mail. 

Attractive envelopes with hand-written addresses and hand-written letters inside, that look professionally made = good mail

@Jack Macioce

Did you buy this place?

Ungrounded electrical is common in older homes. You can NOT have 3 prong outlets, and must have two. As others have said, you can improvise with GFIs, but check with code first. 

Also the spring is a concern, but a dehumidifier and a sump pump will likely do the trick.