All Forum Posts by: Nate S.

Only problem I really don't have money for the amount of fixes it seriously needs. I could get some non interest loans from Habitat of Humanity, if they approve it, then wrap up under the loan when I do refinance it. What difference is amount does it make on refinancing it? I don't want max it out 100% when I don't need to.

I want to fix it up so I can rent it out later on. Thing is the mortgage is in my moms name. Should I wait out and refinance it until the HAMP is exhausted? it will end in 2019.

Can anyone help me on this situation?

I inherited my house from my mom a year ago. I owe $43k on it as for right now. Tax assessed value is $90k but market value $125k(premium shape). I thought this year was last year for HAMP incentive to end, found out today it wasn't. Basically I'll be credited $5k next year and now finding out it's going happen next year in 2019. I am paying my mortgage every month on time but it's in my moms name with 2% interest. I have the title in my name of course. Starting this year it will increase to 3% around in the fall. I heard other scary things the bank can default any time because it's in my mom's name but why would they when the mortgage payment is being paid on time? even after a whole year of her passing.

The house exterior isn't in the best shape at all, 40 years of environment is now showings its taking a toll. I need around $20k in fixing, new siding, drive way, roof, gutters and list goes on. I need to refinance to get those things fixed and prep to move out and rent it. Now I am questioning if the waiting it out till exhaust the HAMP is worth it? it is $5k. Just 10 months of payments credit to my mortgage. Now the FED is going to rising interest rates soon. Now deciding if refinancing now is worth it or hold off till next year? My main goal for next year was to move out and buy a 4 unit using my VA home loan. The estate still ain't closed after a year, other issues. Any help, would be a big thanks.

Im not flipping this house but only rehabbing the house to rent in the future. Yes I will be living here until I get my degree so might as well make it look nice. I ended up remodeling my laundry room. I first got mold from the old washer and had to rip it out and I ended up doing a whole make over. Trying to give it a nice appearance through out the house to get more rent.

I got the dry wall screwed in. 

I bought this cabinet for $40 from HoH. Got kiltz water based paint. I was thinking staining the concrete floor instead, idk yet.

Really interesting story, which sums up what wholesaling is all about. So it took them four months to close...wow! How much was the assignment fee on this one? I like how you call it "Jerry Springer" file. I'll call up the title company agent in town. The sellers didn't know about the clean up bill either I just found out by just calling city hall on it. I told the seller they need to bring $2k on closing when the time comes or I can extend to give them more time to get the money. I also put in the contract that I can terminate anytime and title has to be cleaned as well.

I got a property under contract, they called me needing to get of it. Sellers informed me they're behind backed taxes which is the amount I put the contract under for(Not above the comps calculations max offer). The tax lien hasn't been redeemed. Then finding out later when I was taking pictures of the property, neighbor told me someone cleaned it up before it was extremely bad. Finding out the city gave them notice, cleaned it up and just got off the phone with police and mentioned the property she responded "Ew." Telling me they're glad I'm taking care of it(hopefully) They're now putting a $2k clean up bill lien on the property. The best thing I can think of is telling the sellers they need to come up with $2k at closing. I haven't called Water or Electric company yet, guessing they owe money to them as well. 

I checked out kiltz paint there is water based and oil. I dont know which one to get it. I do have green sided dry wall. Now for flooring, should I do a cheap sticky vinyl for now? Make it look nice, looks like ****. I gotta fill the crack with some filler other suggestes I use a epoxy floor paint for it. 

Here is the video of it.