All Forum Posts by: Amanda Gill

Here in Parkersburg we just needed to have the city inspector inspect the building to make sure it’s up to code and the fire marshal inspect. Then they will give you your certificate of occupancy. Pay your b&o taxes on your rentals. 
There's not many REI groups in WV, but I've seen one for Charleston, I've seen them post before.
Could you let me know what kind of rates you’re getting for your property management? I’d like to know. I’ve heard 30% from someone who does taxes for someone that uses one. Thought that was very high.
Good luck and congrats!

I've come across a house listed on the MLS in my area that is listed at $49.9k in an area of town where houses regularly sell from $135-300k but typically mostly in the $200-250k range. This is in WV. I'm wanting to get started, but am concerned this would be too big of an undertaking for a first deal.

The listing says it’s as is, cash only. My hope was to do brrr to get started this year, but this would need to be a fix and flip. I feel confident in my knowledge until I get into it because I have an issue with seeing the potential and not the $ required to get there. 

My initial thought was to take a personal loan or hard money for the $49.9k and use credit cards to fund the renovation. Is that reasonable?

Would a personal loan or hard money be better/easier to obtain?

Any suggestions would be greatly appreciated. Thank you!

Try Weirton, WV. Very close to PA and has a decent economy for WV, but still  that low cost of living.