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Updated almost 10 years ago on . Most recent reply

User Stats

202
Posts
111
Votes
Jason James
  • Investor
  • Louisville, KY
111
Votes |
202
Posts

For The Newbies - Welcome

Jason James
  • Investor
  • Louisville, KY
Posted

I just wanted to post a few pictures of a property we just purchased with a tenant in the property. This tenant had been living here for 15 years and just moved yesterday (day before sheriff eviction). We did the set out today and I thought this would be good for newbies to see. Always be prepared for the unexpected! I had an idea of the condition as the tenant allowed me to look at the property before purchase. Some investors aren't as lucky and don’t get to preview the property. I got a super deal on this and that’s my other point. Make sure you buy right! Don’t get caught up trying to make a deal happen! You can get burned real quick.

We will be rehabbing this property over the next few weeks to flip. We should do very well on this deal... I will post pictures of the finished product along with the numbers when the property is complete.

Enjoy.....

Most Popular Reply

User Stats

202
Posts
111
Votes
Jason James
  • Investor
  • Louisville, KY
111
Votes |
202
Posts
Jason James
  • Investor
  • Louisville, KY
Replied

@Mindy Jensen No major damage and yes the place smells absolutely wonderful... The house is pretty solid really considering the people that were living there. No rodents and I think that is mostly because they had a dog and cat. The only insects are gnats! We have cleaned the place out and our pest control company will be bombing this week.

Thanks for the luck.. I have a newbie working with me and he is going to need it. I am trying to be patient and let him do some of the smaller task so that he gets a good feel for what it really takes to do these types of deals. This will slow us down for sure but again I feel teaching him will pay me back 10 times over, he's a really good guy. I have him involved in every aspect of this flip. There is no better way than to learn hands on. 

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