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Updated over 10 years ago on . Most recent reply

User Stats

5
Posts
2
Votes
Patrick S.
  • Lexington, KY
2
Votes |
5
Posts

finally joined & posted

Patrick S.
  • Lexington, KY
Posted

Hi, I've mostly been a lurker up to this point but I wanted to get more out of the BP forums.

I recently started a thread with a flooring question and touched on my story there but for a bit more...

I was smart enough or dumb enough to go from renting to buying a house that needed a full rehab.  The plan was to live in it for 2 yrs, fix it up slowly, sell it for a profit and use some of the proceeds to fund more real estate deals.

It hasn't been easy thus far.  I had no experience.  Not handy, especially since I had been a renter for so long.  Have made lots of mistakes in hindsight despite trying to research.  Haven't found a good team yet, every contractor I've used has been a "single serving" contractor except the carpet guy.  Could've saved more money on some things but didn't.  The list goes on...

I tried to follow the most important rules though and tried to buy low enough and in a good location.  Thanks for the insight and I look fwd to staying for a while and sharing along the way.  

- Patrick

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