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All Forum Posts by: CJ Clark

CJ Clark has started 2 posts and replied 2 times.

Post: REO home on Piers vs Concrete Foundation

CJ ClarkPosted
  • Investor
  • Stevensville, MT
  • Posts 2
  • Votes 0

Im looking to BRRRR an REO property in Montana. Im skeptical though of the foundation being on piers. Im worried about when I go to refinance. If you were to compare the home on piers to an identical home on a concrete foundation, would you expect the home on the concrete foundation to be valued much higher? There are a lot of older homes on piers obviously in the area, and there are also older homes on concrete foundations as well. I was comparing it to other properties, but noticed majority of them were on a concrete foundation. Thanks for any help, I'm a newb planning on submitting a cash offer this week and I don't want to overlook anything

Post: New member. New route.

CJ ClarkPosted
  • Investor
  • Stevensville, MT
  • Posts 2
  • Votes 0

Hello to everyone, my name is chris, i am new to bigger pockets and honestly new to investing as well. I purchased a home last year for 270, the home appraised for 349, since, property values have continued to go up, i have fenced the entire property (2.67) acres, i have added a high efficiency heat pump/AC, pulled out old carpet, added LVP, and re painted the entire inside of the home. I am going to list it for sale after I do a couple things in the master bathroom. Trying to keep things short, i plan on selling the home, should be able to come out good on it.  I plan on re investing, i am totally green, id like to purchase rental property or build a spec house and sell. And continue on from there, just hard jumping in at this point. Im also all ears, and appreciate any advice/constructive criticism, but really just wanted to introduce myself because the email said to do so. Thanks!