New from Augusta Ga

[Whitney D.]

I found bigger pockets a while ago while trying to get some assistance with utilities on a rental then started looking around and saw what a great resource this site could be.

I am a little bit of a house flipper by nature. I cant resist a house that needs some work and DIY is practically in my blood. I bought one house which I renovated and it will be sold in Oct of this year. I put an additional 10% of thep urchase price into renovating the house. I will sell the house for 150% of my initial purchase price (its already been sold just being leased for a year prior to closing) and make 40% pure profit from it. I lived in the house while I renovated it so I dont count the mortgage payments as a loss as the mortgage was less than a decent apartment. I opted to sell this house because I can make such a large profit on it by selling, also because it has a pool and flat roof, both of which are in new or great condition but I feel would be issues long term.

I own another house now that I will be fixing up as well. I have plans to keep this one as a rental because its a fairly low maintenance house (brand new pitch roof, good foundation, no structure problems, well maintained with brand new heater and AC). The rental prices for this area will give me a good return and while I could make some money flipping it, a rental would give me better return in this case and a good monthly income amount.

My goal would be to eventually to have my primary income be from real estate rentals and flipping. I cant imagine a happier job than waking up in the morning without an alarm and driving over to a house just to renovate it for resell or rent. When my first house sells I am going to be looking seriously at purchasing a rental or flip with some of those profits.