All Forum Posts by: Susan Maneck

I'm not sure, because what you get is not a clear title but a quitclaim deed. 

Quote from @Chris Seveney:

@Jamie Bateman

BasedOn the hud hecm pool looks like a lot of people wanted to buy foreclosures….

The nice thing about buying from HUD as opposed to in auction is you do get some idea as the condition of the property. Most of my properties were either bought from HUD or Fannie Mae, but HUD does at least a cursory inspection.

Quote from @Sylvia Castellanos:

No, I would not want to close on a property without title insurance.

That's pretty much what Title companies do, they search and insure your title. IMO, real estate agents and lawyers are optional, title insurance is not. Luckett did prevent us from buying one property whose title they couldn't clear and it was being sold by HUD!

Quote from @Sylvia Castellanos:

Susan, let me ask you something else.  We see so many Youtube videos with instructions on how to do self-closings/seller closings, and this saves a significant amount of money.  That said, some states have laws that say if a title company or a lawyer has to do the closing. If not, then of course the seller is free to do it.  Can you comment about Mississippi?

I suppose it is possible to do it yourself but do you really want to close on a property without title insurance? 

I've used Luckett Land Title for a number of closings. Very professional. Another person I've used is the attorney Steve Young. 

House-hacking is what I recommend to all young investors, especially those in college. You can do it for even less cash invested with a FHA kiddie-condo loan. If you do the math it makes much more sense than paying dorm fees And your kid gets a good education on property ownership and management in the process.

But @Colin Leach the age of majority for contracts in Mississippi is still 21, but I think you can co-sign for him. That's what FHA kiddie-condo loans are all about.

It's in Jackson? 

Quote from @Chris Seveney:

@Susan Maneck

Depends on type of senior living. If it’s assisted living many are going broke because of covid and post covid some regulations in some states required social workers to have nursing degrees so their expenses skyrocket

If its 55+ community and rentals etc, they have been hit and miss like other real estate

 I thought Assisted Care facilities always had to have an RN on staff. 

Surely you realize that "the projects" denotes subsidized housing? I'm eager to see you evidence that 50% of the population receives social welfare programs excluding Social Security and Medicare. We'll wait. 

 Funny you would call me a nutter when every other word out of your mouth is "Commie!" 

Does anyone know about REITs for senior living facilities? It strikes me that this would be a good investment.