All Forum Posts by: Chris A.

Looking for recommendations for home inspectors in the Charlotte area. Single family residence.

@Kelly DeWinter Really? Not dated? What color do you think would compliment and possibly update the vibe of the house?

We’re working towards buying this home at auction and trying to figure out the best plan for dealing with a very outdated exterior.

Any suggestions on this outdated dated rock? Paint it, paint the house to match it, etc?

https://ibb.co/TDX0G9L

https://ibb.co/3vN9MRT

Thanks for the feedback!

I’m interested in getting the communities input on a potential deal.

First of all, not completely inexperienced but relatively new to REI. A foreclosure I've been watching for just happened in my smalll neighborhood, hard numbers below.

The listing went active and there were multiple offers within the first three days. We were the highest and best.

The home needs a shower install completed, carpet in upstairs, massive wallpaper removal, total paint job, kitchen appliances, and small cosmetic updates throughout like door knobs, fixtures, backsplash in kitchen, possibly new vanity tops.

Foreclosed Amount: 184k

Bank List: 152k

Offer Accepted: 156k

Closing Costs: 3k - Financed Deal (20% down, 5.25% interest only)

Rehab: 15k (Conservative - 10k most likely)

Holding: 4k (6 Months on the safe side, most likely 3-4)

ARV: 210-220k (Conservative)

Hoping for a flat fee MLS list with 3% to buyers agent.

I’m interested in getting the communities input on a potential deal. 

First of all, not completely inexperienced but relatively new to REI. A foreclosure I've been watching for just happened in my smalll neighborhood, hard numbers below.

The listing went active and there were multiple offers within the first three days. We were the highest and best.

The home needs a shower install completed, carpet in upstairs, massive wallpaper removal, total paint job, kitchen appliances, and small cosmetic updates throughout like door knobs, fixtures, backsplash in kitchen, possibly new vanity tops.

Foreclosed Amount: 184k

Bank List: 152k

Offer Accepted: 156k

Closing Costs: 3k - Financed Deal

Rehab: 15k (Conservative)

Holding: 4k (6 Months - Safe)

ARV: 210-220k (Conservative)

Hoping for a flat fee mls list with 3% to buyers agent.

Thanks guys. A quick search would have saved you the trouble. appreciate it. 

Is it possible to buy a house with cash and then turn around and finance it immediately? We're looking at a property and only cash offers are accepted. We have the cash to cover it but would ultimately want to immediately free it up for the repair costs.

Is it possible to buy a house with cash and then turn around and finance it immediately? We're looking at a property and only cash offers are accepted. We have the cash to cover it but would ultimately want to immediately free it up for the repair costs.

We are ready to put our first flip on the market. Our market conditions are stable/average. I'm trying to figure out if it's the best move to go with a realtor to list or straight FSBO. Any advice is extremely appreciated.

thanks frank! Plumber makes the most sense for this.