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Updated almost 9 years ago on . Most recent reply

User Stats

30
Posts
2
Votes
Christina Hall
  • Investor
  • Mineral Wells, WV
2
Votes |
30
Posts

Closing Friday after 7 months & I'm to busy now for rehab!

Christina Hall
  • Investor
  • Mineral Wells, WV
Posted

I found this empty house in the Neiberhhood where my friends and I was walking in the mornings. A little research, a hand written letter ,several emails & the owner having surgery I am finally closing on it! 

Since first finding the house I have already bought 7 other properties & I STILL have 5 empty units :-( 

I don't have the time or the extra rehab funds to finish this house right now. 

I am just going to go in and do a huge clean up. Have the husband bring in his equipment and remove old buildings to clean the outside. 

I either need to list it for a quick sale ($20k-$30k) as a Fixer-upper or should I sell it on a land contract? Im starting to worry a little about my 2016 capital gain But yet I could really use money to finish my rehab rentals. 

House info

2 bedroom Stucco, located in a nice Parkersburg WV 26101 neiberhhood, large eat in kitchen, 1 bath, full size basement, attached garage & a 150x50 flat lot. 

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