Enterprise, AL

[Jason Burton]

Just trying to find anyone from southern Alabama who knows a little bit about the local market there in the Dothan, Enterprise, Ozark area.

[Colin Feild]

@Ryan A Brayton

Yeah man it's coming along, relatively slow progress with balancing family life, W2 job and the Chickasaw BRRRR.

Some Financials on the property:

Closing price: 71k

Rehab: 55k (as of now, looking at another 5k to complete)

All in Cash: ~130k

ARV: 150k - 180k

75% LTV: 112.5k - 135k (been told their is a local bank that will give 100% LTV be awesome if they do)

Rental Cashflow will be $300 - $600 a month depending if I use a property manager. Currently my wife and I are leaning towards our next step and begin managing our own properties using RentRedi. Hopefully, it will be a smooth transition.

Rehabbing this property has been a wild rollercoaster. This propriety has a good bit of water damage, a bad roach infestation, disgusting smells, replaced roof, etc.