All Forum Posts by: Tina Thompson

This is a house we flipped, so it's completely rehabbed. Comps are $193-$215. Big lot, mountain views & close to all schools!
Willing to cut a good deal to an investor that can close fast.

Pics at www.TucsonPropertySolutions.com
Virtual tour.... https://youtu.be/bMNE9RjqUro

https://www.meetup.com/Womens-Real-Estate-Investin...

No one makes it to the top alone, it takes a team! July’s discussion will be centered on what it takes to be successful and who you want and need to build that team. Feel free to bring other like minded female friends!

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This property is on 2.5 acres!

Property needs new windows, the furnace was just serviced & it works, there's a swamp cooler. Something would have to be done with the weird little "bathroom" in that one bedroom. It is vacant, the lady that lived there passed away and her kids don't want to keep paying for it.

There's also a mobile home on the property. I did not see inside that, but it definitely needs work. It does have water & electricity going to it though. The pics in this Zillow listing are recent. This is how the property looks now....

https://www.zillow.com/homes/for_sale/12280-W-Daviti-Ln,-Tucson,-AZ-85736_rb/?fromHomePage=true&shouldFireSellPageImplicitClaimGA=false&fromHomePageTab=buy

Congrats on being able to save so much on your income! You're taking the right steps for sure! If your father is on disability & your mother doesn't work, why do you have to stay in NYC? Investing is going to be A LOT harder there. Could all three of you move to the NJ or something? There you could wholesale properties to build up more cash reserves.

You can buy up to a 4 plex with an FHA loan, so you'll only need 3.5% down. You could live in one unit & rent out the other three. Your portion of the mortgage payment would be low or possibly free. I assume you are a server? There are restaurants everywhere. But you are definitely doing the right things being on BP & asking questions. I wish I would have at your age! Good luck to you!

I just got a settlement statement back from the title company on a property we're buying subject to. The seller owes $4154 to the HOA. Of course he told us he didn't owe anything. This is a foreclosure property. So, if it goes back to the bank the HOA may get nothing, correct? Should we give it a shot with the HOA & negotiate the arrearage?

Hi everyone! Could someone please give me a recommendation for an investor friendly title company in Tucson? I have a subject to deal & a private money lender that I will need a promissory note for on title.

Thanks in advance!

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@Paul LaSpina we might be. I have a family member that hasn't given us an answer yet. If they are a no...we will be looking for a money partner yes. I will let you know. It should be a short term play...no more than 4-6 months.

Thanks!

Hi there! I have a property that we may buy "subject to" existing mortgage. However I need about 25k to pay the arrears, & fix it up. We are planning to do a live in flip. I am trying to find a private money lender for the 25k. 

So...would I title the property in my name and the private lenders name? Or should the private lender somehow lien the property? I know putting them in second position is pretty much worthless if we default (not that we would of course). Basically, I am trying to secure the private money lenders interest in the property so everyone is comfortable with the arrangement.

Thanks!