All Forum Posts by: Cindy Browning

Hi:: I am looking for an agent who is well versed in investor acquisitions and knows the Orlando area. Thanks!

Fully renovated and fully managed 3 bedroom/ 2 bathroom home in Jacksonville! Home features all new kitchen, new bathrooms, new counter tops and appliances, new roof, new plumbing, new carpet, new tile floors, new paint inside and out, new HVAC and fenced in backyard!

Total investment: $109,000                    Monthly cash flow: $753

Will rent at: $1000 ROI: 8%

Estimated Monthly Expenses:

Property taxes-$93

Property Insurance- $55

Property Management- $99

(Taxes and insurance paid yearly)

Total Monthly: $247

Call Me at 904-887-4015

@Cameron Price

Most mold companies do asbestos and lead base paint testing also. I would call around and find one that does it all so you're not dealing with multiple people. In my experience, it looks worse than it usually is but I would say it's better to be safe than sorry since it's an older home. 

Cool house! The first thing I would look into is the mold. I just did a flip on a 900 sq ft house and to do mold remediation the right way, it cost $2,300 and you have a lot of sq footage. Asbestos aren't a problem unless you open them to natural air but considering you said the plaster on the ceiling is coming down means you'll need to scrape and there for need to worry about the asbestos.

 I wouldn't be worried about it being a big project as long as you keep in mind that ALL old homes have unforeseen problems. There will always be stuff behind the walls and under the house that you won't know about until you get into it. But don't let that stop you if you have the vision and drive to do it. Seems like a great investment if the numbers are correct!

Good luck!