All Forum Posts by: Damien Papillo

@Shane Cummings the roof is less Then a year old the windows are up to date and it has a new hot water heater

@Shane Cummings the basement is bare concrete. just needs walls and flooring. There is no central air but has vents for the heater so I would just need to add central air unit.

@Mike D'Arrigo he is retired and looking to move to Idaho and just wants to walk away with 100k. My realtor had the same exact house literally 5 houses down in the same neighborhood that sold for 204k

@Jim K. Thankyou!

@Jim K. The only rehabbing I would need to do is finish the basement. My realtor says I could rent as if if I were to purchase it. But if I do purchase for the additional 10g totaling 156 so the seller can walk away with his 100k it leaves me with very little left over that I planned on using for the rehab.

So I’m wondering since it is rent ready do I just get started on my first property and collect enough to rehab it in a few months? Or should I pass and find a cheaper property? I guess it’s essentially a good problem to have I just know it will slow down my next purchase that has me torn between decisions

I would be purchasing this house with no capital in this deal so for that matter with it being ready to rent right away what should I do?

The seller owes 46,000 on his property and is looking to walk away with 100,000 cash I was trying to Brrr this property. I was getting an additional line of credit to help with closing costs the seller is firm on not coming down on his hundred thousand dollar to walk away with he is retired and saying he will find someone else. I was approved for 162k and remainder of the money was supposed to be for rehab. the house has an ARV of 204,000.

This house is practically turn key ready. Should I just purchase my first rental and start renting it out or wait until I find the right brrr deal?

@John Rody https://www.thefederalsavingsbank.com/brianrumph

Licensed in all 50 states..guaranteed best rates purchase or refinance.

https://www.thefederalsavingsbank.com/brianrumph

I have owned my house for 8 years, I bought it for 200k at 21 years old and owe 164k, I was immature and never made any extra payments. Currently it’s listed at 240 on Zillow. I am new to pursuing investing in real estate and looking to get involved with rentals for starters. I have a vehicle I am putting up for sale next month and realistically a the lowest should be able to get 15k. I cut out a lot of monthly debt getting it down to the family vehicle loan and my house.

With that being said, I am seeking helpful tips from anyone generous enough to take time out of their busy life on where to go from here. Thankyou!!

@Nathan G. Thankyou