All Forum Posts by: Cory Shannon

Hello BP community! My wife and I recently bought our first house (investment property) a possible flip or rental. I am in the process of prioritizing a few projects and would love some feedback. Will adding gutter guards to the home increase value, or should I stop being lazy and keep doing it myself?

My thought was increase value of we flip, minimize workload if we rent?! Cost of project is super low 35 bucks a month zero percent....

I guess I should have asked a different question. Is the only way to buy your first rental property to save save save, and put the 20% cash down%? Or are there other options? 

Thanks for the info so far, there will be no rushing, my family comes first. That being said they're also why I want to get started in this adventure.

Thank you Jennifer Lee for the sound advise. 

My plan on the recent home purchase is to live in for some time and keep an eye on the market. The area I live in is really hot now so I figured sitting on it, and keeping an eye on how things progress was a better idea for my home. It was not an easy process. In fact it was our 7th offer. So I've learned a lot in the process. A second buy and hold property would be to me, the investment to decide whether we enjoy it or not. I've lived in the area for twenty years, and know the good and bad locations. I can definetly wait for a location, but don't want to pass one up because I don't have the funds.

Just purchased my first home, small investment property with the goal of flipping or renting in mind. Got into the home for as cheap as possible, in order to save cash for property number two. After all the paperwork is done we have 11,000 left, not enough to buy another rental yet. About to be a single income family of four, even with a six figure job saving is not easy when providing for a family.

My question for all the pros out there is what are some actual concrete proven ways I can get another ten grand quick without saving for another year and a half?

I.E. how do I get into the next property fastest?

How do I find out an areas average rent, so I dont over charge, or under charge on my rental?