Posted by Rosalie on October 09, 2002 at 15:44:52:
I’m thinking this. Why sink 60K into one house when we can buy two houses.
We can go into partnership on two homes, lets say in Las Vegas (Or somewhere else not determendand until we do the market analysis) rent them out.
The parner who wants to owner occupy, can take her part of the equity later and buy a house to live in.
Now to carry out the plan…
Three green amigas need advice - Posted by Rosalie
Posted by Rosalie on October 08, 2002 at 23:17:47:
Ok, here’s the situation:
Three people. Two people have excellent and good credit. They have 20K debt with a combined income of 91500./yr. Presently rent. Have no cash.
Third person has no job. Just claimed bankrupcy. BUT has 82K cash however since they don’t have a job they want to keep a researve of 20K.
Ok, here’s where it gets tricky. The third person wants to move out of state and “buy a house”. This person wants to occupy the house.
How can we make her money and our credit work for a win win situation so we can all get in on the purchase investment when the third person wants to occupy the house?