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All Forum Posts by: Rolanda Eldridge

Rolanda Eldridge has started 47 posts and replied 1267 times.

Post: House Hacking and when to move on

Rolanda EldridgePosted
  • Investor/Realtor
  • Hoover, AL
  • Posts 1,309
  • Votes 459

@RJ Davies..Depends.  I'm a buy/hold with rentals, but started to sell some in 2015 as Turn Key.  Now I'm moving in the direction of Retail Flips, so I will probably sell 1 or 2 a year to accomplish flip goals.  However, I will alway maintain a solid portfolio of rentals...GL

Post: Buying and Living in a $40,000 cottage for future down payment?

Rolanda EldridgePosted
  • Investor/Realtor
  • Hoover, AL
  • Posts 1,309
  • Votes 459

@Wade Alderson..Go for it.  Sounds like a good plan..

Post: Successful Flip Details w/Photos and Numbers ($95k reno)

Rolanda EldridgePosted
  • Investor/Realtor
  • Hoover, AL
  • Posts 1,309
  • Votes 459

@Justin Eaton...Good job!

Post: What's Next? Yay or Nay?

Rolanda EldridgePosted
  • Investor/Realtor
  • Hoover, AL
  • Posts 1,309
  • Votes 459

Varies but someone called me on $219,000 in Gulf Shores..

Post: Home Warranty for a Rental?

Rolanda EldridgePosted
  • Investor/Realtor
  • Hoover, AL
  • Posts 1,309
  • Votes 459

@Brian Braunhuber.My first experience with a warranty company didn't turn out favorable, but I see some benefit with the right one.  However, I no longer buy for rentals..

Post: What's Next? Yay or Nay?

Rolanda EldridgePosted
  • Investor/Realtor
  • Hoover, AL
  • Posts 1,309
  • Votes 459

Ok for the last 2 days, I've been at the Beach!  Orange Beach/Gulf Shores AL.  It's 4.5 hrs from Home, but it's BEAUTIFUL!!! A great networking event with agents in our Orange Beach Office.  A little work, a little Play..So what's next?  Do I buy an investment to rent during high season from May-mid Sept?  I would allow family and friends to use during off seasons.  Any input from those in Vacation areas with nice Beaches and fishing?  Price point not bad..

Post: First Rental, Rented

Rolanda EldridgePosted
  • Investor/Realtor
  • Hoover, AL
  • Posts 1,309
  • Votes 459

Congrats Eric Y.!!! Way to Go!!!

Post: Is there a seasoning period for cash buyers?

Rolanda EldridgePosted
  • Investor/Realtor
  • Hoover, AL
  • Posts 1,309
  • Votes 459

@Brian Garrett...Yes it varies..lender, market, credit, bank, etc....Speak with banks in your local market, based on your situation...GL

Post: Should our 1st Time Property be an Investment?

Rolanda EldridgePosted
  • Investor/Realtor
  • Hoover, AL
  • Posts 1,309
  • Votes 459

@Pedro Ramos...Looking back...hindsight is 20/20...My first home looks like a 4 plex on a VA loan, renting out 3 of the units, moving out after 1yr and repeating the process. Actually, it was a SFR 1800 sq ft, new build in Hermitage TN..***.7 yrs later purchased 1st investment in AL and the rest is history...I'm a work in progress..Keep learning! Keep it Moving...GL

Post: 35K Profit on my first flip! Before and After pics!

Rolanda EldridgePosted
  • Investor/Realtor
  • Hoover, AL
  • Posts 1,309
  • Votes 459

@Dan Beaulieu...Congrats!!  Looks Great!!!