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All Forum Posts by: Doug Brown

Doug Brown has started 2 posts and replied 2 times.

New Member Introductions

Post: Investor from Texas

Doug BrownPosted
  • Investor
  • Austin, TX
  • Posts 2
  • Votes 1

Hello BP, I have been investing in real estate for 1 year and have 5 doors so far, looking to connect with investors in Austin TX. 

Doug Brown 

1 Vote
Private Lending & Conventional Mortgage Advice

Post: owner financed: How long to hold a property before you refi

Doug BrownPosted
  • Investor
  • Austin, TX
  • Posts 2
  • Votes 1

I purchase a single family rental property to do short term rentals with, the property was purchased for 69K. I bought the property with owner financing.  The rental needed a lot of work, I installed central air/heat replaced the water and gas lines and put new windows in the house. The first month I put it on the market I was able to make a profit after covering the mortgage and utilities.  All together I put 19k into the house, my question is how long do I need to hold the property before I look to refinance it?

0 Votes