Archive for August, 2011

The Tables are Turning

I took a call today from a Dave Ramsey listener who lives in Florida. She’s buying a second home here in Michigan. She loves the snow and the weather in the winter and never gets that in Florida. She misses it and wants to own something here in the North as a second home. After [...]

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Buy a Rental Property? Love the Idea!

A friend asked recently for my advice on buying a rental property… Hey Evan, This is a different note but what do you think about Heidi and I trying to get some of these really cheap houses right now, fixing them up a bit, and renting them out? We gross about $36,000 right now and [...]

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GOOD ADVICE

Evan, Can you finance a buyer who has only been out of a short sale for 2 years? Purchase price is $172,000 and 5% down. Clean credit except for short sale. Thanks! Jenna   Hi Jenna, My first assumption is that with the short sale there were also late payments on that mortgage. If so, [...]

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