All Forum Posts by: Tom R.

Im not familiar with the rules of 1031 exchanges, Can you do a cashout refi and roll the money into another property?

I followed discussion months ago and Im still getting almost daily updates from it. How do I unfollow it?

I only plan to start paying off loans when I run out of deals. Currently my problem is too many potential deals not enough money.

My realtor is still checking if it is empty. According to her the lease ended in December so it may be empty already. She has said that the seller has rejected every offer less than asking. It doesn't sound like the seller is very motivated to sell and I don't blame him. I am considering waiting until I have enough to get a conventional loan and just renting out all the units.

My realtor is still checking if it is empty. According to her the lease ended in December so it may be empty already. She has said that the seller has rejected every offer less than asking. It doesn't sound like the seller is very motivated to sell and I don't blame him. 

It sounds like he was looking for a sucker. You dont need this kind of mentor.

I found this 3 br. house with an attached apartment and another studio apartment in the back. I would like to move into the 3 br. house and rent out the other units. Unfortunately right now the only way I can afford it is with an FHA loan and my realtor is checking but last time someone made an offer on the place there was a tenant in the main house. In California it can sometimes be difficult to evict a tenant even when they have broken the lease. If I buy the house and I cant get the tenant to leave what kind of legal jeopardy am I in?

So now you know not to accept personal checks.