303 Jones Ave

[Donald P.]

So I have a home I purchased at a great price in July on this year, rehab took longer then expected and cost more too (my fault, chalk that up to learning) but through this project I was able to connect with some larger investors in the area with insight on future development plans for the area. My dilemma is this, I've been receiving offers on the property to net a profit about 25 to 30 out the door. My new investor buddies are saying don't sell, oh let me add I'm in the process of pulling the equity out through their connections also, they have everything. I know I'm capable of doing the same thing in the same area with the same results, probably be more to invest next time but the returns would be about the same knowing those newbie mistakes I made the first time would be non existent. It's a 4 Bedroom 3 story townhouse current appraisal around 90 my price about 70 investment about 40/45 rent about 1300-1400 so three years I'll be all even but that lump sum could come in handy right now I'm seeing some good deals get swept up. I'm not sure if the waiting on the equity is bearing on me or what, it's been about two weeks and I know it takes time but these offers are now and if I pass and the loan falls through I may kick myself and have to wait another 30 days for another loan to be processed. So long post but please leave opinions and suggestions