All Forum Posts by: Account Closed

3.5% down on the $115k? 

@Nicole Pettis. What percentage was your down payment? Or final loan to value?

All great responses.  I appreciate your time very much.

First time flip, assessing directions to go.

Would love to hear pro and con between living in a flip while flipping or not.

Go :)

Wish yall would do a live stream.

Does a live in flip change that number?

We are going out tomorrow to look at a flip currently under way by a buddy of ours that has flipped several already.  Then headed to a town south of us to a place that flips mobile homes.  Had a very unconfident day yesterday and my H was great support, so looking forward to going out tomorrow to look around as a team.

We have three mobile home rentals, two double wides and one singlewide, all on acreage.  The mortgage on the first property of four acres with two houses was 0% down, 0% interest, 10 year mtg that pays off next year.  We got all three houses for $118,000, so just under 40K for each house.  Total rents are 2400 a month.  Demand is so high in my area that most prospective renters clean the houses for me between renters they want it so bad, they don't want to wait on me to prep it for them.  My houses never sit vacant.

What a beautiful job.  Looks so clean, so well laid out and you turned "trash" into treasure.  So much charm!

 Good...  Then I am headed in the right direction.  I am a do your homework to the nth degree kind of girl, so that gives me hope.