All Forum Posts by: Brittany Villamil

Welcome to Htown!! What part of Houston are you in? There are several scattered and of course can be quite a drive depending on where you live :) 

I have a 2300 sq ft house under contract. Two story 4 B 2.5 BR ...not an open floor plan in anyway. 

PP: 146k

ARV: 215k

Rehab: Basic cosmetic only. (New roof, new ac and furnace.) 23k

I will need to use a hard money loan. I only have 30k cash. 

Should I flip vs buy and hold for one year?

OR

My primary residence is 1800sq ft 4B and 2BR open and airy floor plan. 

PP: $145k

Comps: $195-200k 

Rent rate: $1400 

I am crazy enough to sale this house OR rent it out and move into the house above. 

I don't know which option is best for me right now. 

If I flip the first house I mentioned, I HAVE to sale the house for 198k to break even. 

What would you do!?

@Sandy Sawyer can you send another message? I didn't get it and I would love your help!!

@Christopher Blanco thank you thats perfect!

@Cody L. Lol! Ok. That actually makes me feel much better about my situation, thank you!! Do you have any lenders you like to work with?

@Tristan S. right now I do not do any marketing. I've only been sending letters to homes that look like they need attention. I got this house under contract by just walking around my neighborhood block and talking to people!

@Cody L. thanks I am worried with my margins being bad that I will just break even or worse. Any experience with buy abs hold timing??

@sandy 

@Sandy Sawyer sent you a message I would love and appreciate your help!! 

also is there any thing out there, for instance and ap or spread sheet that would calculate every little hard money number and all other fees? I'd like to organize all of these different rates and numbers...costs...etc on paper