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Updated over 9 years ago,
A little late, but did I do anything wrong?
First off, let me say I am so happy that I found this forum. I spent most of Friday and most of my morning today reading such informative posts.
Anyway, I am new to all of this and have not so recenlty completed my first rehab. It was a 80K HUD sfh that was appraised at 115K. Needed some work, so I partnered with my brother (I had the money, he's got the construction skills) and bought the house.
I used my HELOC on my primary residence to pay cash for the property and 0% credit cards to finance the repairs (13K). Today its on the the market for 129K. Its been on the market for 5 months (through winter) and I'm anxiously awaiting an offer so I can move on to our next house.
I am actually looking for anyone that wants to to critique what I did/am doing. Fire away!