All Forum Posts by: Caitlin Stables

I would be the assignee and then rehab and flip it

 Hey, would love to connect! Looking to fund a deal ASAP! Have assignment contract ready to sign but need to lock up funding first. Thank you!

Yes I do have a title company I work with for transactions in my real estate business so I assume I can have them run title for a fee prior to bidding!

Please give me all the advice...I am a very seasoned Realtor so I am well aware of the fact they are sight unseen, as is and where is and cash only, may or may not be occupied and trashed...what else can I/should I anticipate? I want to be as prepared as possible. I plan on bidding on one coming up in my neighborhood. It is currently occupied by the owner (based on the tax record I am able to pull). I do also plan on attending some auctions just to get a feel and understand how it works before ever making a bid. I also know the timeline to pay in full is typically 10 days with most auctions in my area. What else should I know??

Yes! Failed to mention this as we are currently working on getting a HELOC

Looking at auctions in my local market and most require full payment within 10 days a the 10% deposit at auction. Besides HML and Private Lenders are there other creative ways to finance these deals I may be missing?

Sent you an email! 

 Yes I understand. Just to clarify, all the floors have already been refinished in the last two years so the only floor we would refinished is the foyer so it would match everything else. Same with the paint. We only painted my daughters bedrooms when we bought the house so we would paint the rest (the 80%) to complete it before renting. So I agree with your statements about only partially updating hence the desire to complete :-) I guess I am wondering more so about lighting. It was built in 1978 and so several of the rooms don't have overhead lighting. Is that a big deal or do people mind using lamps? Personally I prefer overhead lighting so I guess its safe to assume others would too! Just answered my own questions lol

 I’ve gone through the effort of pricing things out as well and it won’t cost me close to 50k for all of the upgrades. It would be fully renovated at that point and I could definitely demand more than +$200. My question was more about the type of upgrades that most folks pay attention and my gut is in line with what others have suggested so far 😊👍🏻

Our current primary is going to be our first MTR and first investment property to be clear! It needs siding, 3 full bathrooms updated, some overhead lighting installs and upgrades, drywall repairs, some exterior upgrades like driveway and pathway gravel, foyer flooring redone and about 80% of the house needs interior paint. We have updates all windows, kitchen, roof, HVAC...My questions is should we do all upgrades before listing to get the most rent? Or what is the best way to determine which upgrades will net us the most income on a monthly basis.