All Forum Posts by: Amanda Williams

Thanks for the discussion Jason. That is kind of where I keep landing as well.

Jason,

Market rent is around 1250, PITI will be around 1050 for traditional refinance or 1150 for cash out. This won't be a cashflow property, but not sure if holding it for a year to avoid high taxes is worth it.

I currently have a SFR undergoing renovations that should be complete by mid-August. I purchased the property using hard money (including financing most of the renovations) and now I am trying to decide whether to flip it or refinance and hold it for a year. I started out with the intent to flip, but after more investigation on taxes and a little unsure of which direction to go. This is my first deal, any advice would be great appreciated. Here are a few numbers on the deal:

- purchase price 140K

- estimated ARV 230K

- renovations 40K 

Good Morning,

I am a new investor looking to purchase my second property in Asheville, NC. I am leaning towards buy-fix-hold, but am in the air about duplex/small multi-family vs SFR's. Does anyone have any feedback on which types of properties make the best rental investment in Asheville. I am looking for a cash flow / appreciation payback over 3-5 years. Also, any good networks here with banking, other investors, and contractors would be great !

Amanda