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All Forum Posts by: Al Philips

Al Philips has started 2 posts and replied 8 times.

Post: Woodbridge Townhouse CashFlow

Al PhilipsPosted
  • Woodbridge, VA
  • Posts 8
  • Votes 0

Hi, 

I am interested can you please send me details on [email protected]

Post: Richmond, VA Rental for $55K, Rents for $850/month

Al PhilipsPosted
  • Woodbridge, VA
  • Posts 8
  • Votes 0

Hi 

I am interested in this property give a call at 7036258130

Thanks Al

Post: Income Producing 3 bed/ 1 bath in RVA

Al PhilipsPosted
  • Woodbridge, VA
  • Posts 8
  • Votes 0

Hi Ms Jackson is this property still on sale?

Post: General contractor question

Al PhilipsPosted
  • Woodbridge, VA
  • Posts 8
  • Votes 0

Hi guy!!

Want to get your professional opinion on what are the must  ask question and must to fill out contracts for hiring a general contractor?

Do I need these contracts for a Attorney or is there a place on web where I can find these forms?

Post: Buy and hold... rental property question

Al PhilipsPosted
  • Woodbridge, VA
  • Posts 8
  • Votes 0

Thank you very much Mr Luick, great info!!

Thanks everyone else for your input

Post: Buy and hold... rental property question

Al PhilipsPosted
  • Woodbridge, VA
  • Posts 8
  • Votes 0

Hey guys I really appreciate the info and the input... as I am a beginner, where/who can I find these wholesale deals from in Northern Virginia area?  Do you guys have any leads??

Post: Buy and hold... rental property question

Al PhilipsPosted
  • Woodbridge, VA
  • Posts 8
  • Votes 0

Thank you sir, what do you think is a good cash flow than?

Post: Buy and hold... rental property question

Al PhilipsPosted
  • Woodbridge, VA
  • Posts 8
  • Votes 0

I have two properties that I am look to buy and hold.

Both properties are in same city, first one is in a good location and second one is in not such a good location but can be easily rented on section 8

First one is listed for 199k as is build in 1993  and needs about 10k to 15k worth of work.. Zestimated for this property is about 225k.  We made an offer for 185k and 5k closing, seller came back with a offer of 190k and 5k in closing. Rent is going to about 1500 and payment my monthly payment is going to be 1200....Should I go with this or not?

Second one is listed for 149k build in 1970 and needs about 6k to 8k worth of work.. Zestimated for this property is about 170k. We are going to make an offer for 145k and 5k closing.

Rent is going to about $ 1200 and payment my monthly payment is going to be $930....Should I go with this or not?