Hey

[Scott Szurek]

I bought my first property at the beginning of the housing crash. Together, with my partner, we bought the property at an auction in May of 2008. The initial appraisal came in significantly higher than the purchase price. Note one rule is terrible for the consumer, we still had to pay PMI since we did not have the initial 20% down. Although with appraisal we had more than 20% equity. Anyways, we lived there and fixed it up. Mostly cosmetic, wall paper removal, fixing walls, new flooring, interior paint walls and ceilings, fixture replacement, and a patio. We lived there for ~4 years and decided to travel aboard for about a year. Before we left we rented it out to a family with a one year lease. It is currently leased until July of this year and we plan to sell and fix up the house we bought with a cashout refi in 2014. Our new primary is a considerable fixer-upper. Pretty much a gut and redo entire house. It's in a great area and has lg sqft compared to the neighborhood. We have finished the 2nd floor, and plan on fixing up everything else after we sell our current investment property.