All Forum Posts by: Account Closed

Cash flow of $160 month net after above expenses.

Purchase price- $22,000 Taxes- $365 annually Insurance- $250 annually Repairs- $4,000 Rent- $500-$600 month Property management- 10% of rent Planned repair cost- $1,000 a year Months not rented- $750 a year Good deal or not?

I got around a 15 to 17% return. If I did my math correctly.

Purchase price- $22,000 Taxes- $365 annually Insurance- $250 annually Repairs- $4,000 Rent- $500-$600 month Property management- 10% of rent Planned repair cost- $1,000 a year Months not rented- $750 a year Good deal or not?

Cash purchase

How long do I have to hold a VHDA purchase before listing it for resale? I'm buying the property for cash.

How long do I have to hold a VHDA purchase before listing it for resale?

How long do I have to hold a VHDA purchase before listing it for resale?

Ok thanks for the reply. The porch will still be present it just won' be covered.

I'm in the process of doing my first flip and the house as a covered front porch with roof damage. It wasn't original to the house and wasn't done correctly.

I got a price to fix it doing it the right way this time for $5,545 verses $1,500 to $2,000 to take it down. I'm not sure what to do? I know it adds curb appeal to the home but this is money I could spend on the inside.

It would Be better to get a new drop in tub/shower ect...with the cost being around $1,000 for that and I would get a better return.

Also I've only had one person give me a price so I plan to meet with 2 or 3 more. I also think I can get him to come down to around $5,000 easy but I want to get close to $4,000 as possible. I think at that number I couldn't go wrong.

Please help!