All Forum Posts by: Gary Black

Hey Mike,

Thanks for the reply. My realtor says the house should sell very fast. The market is good renting and houses for sale from the cops I have looked at. I went in to this property to flip and from looking at the house and how well built it is, I think it might be a good rental to hold for retirement purposes. My main goal is to have funding for the next house. 

Hey Mike,

Thanks for the reply. My realtor says the house should sell very fast. The market is good renting and houses for sale from the cops I have looked at. I went in to this property to flip and from looking at the house and how well built it is, I think it might be a good rental to hold for retirement purposes. My main goal is to have funding for the next house. 

Thanks David great points. 

I forget to add to my original post that I already have one rental, which is what I have the equity line on. 

Hello BiggerPockets,

I have a house that I purchased for $68K here in Columbia SC a 3/2 one car garage and I have put in about 10k-12k out of pocket for repairs. New flooring, carpet, granite in the kitchen and new solid surface vanity tops in both baths, all new appliances, new paint, new carpet. All the things you would do to flip a house. I funded the house with a HELOC at 4%. My intentions were to flip the house and move on to another. But after looking at the neighborhood and how nice the house is now, I am not sure what to do. I feel like I can rent the house for between $1000 and $1200 per month. But with the upgrades I think I should be able to sell the house for around $135,000. What would you do??? Flip the house or hold it and use it for another equity line to purchase other homes? Any thoughts would be a great help.

Hello my name is Gary and I'm from Irmo SC. I have flipped a few homes and have one rental.  I hope to become a full time flipper in 2016. I do most of the work myself to save money and most importantly to make sure the job is done right.  I'm licensed in a few construction areas as well as a licensed home inspector but do technology work for a living.  I would love to network and learn as much as I can in the Columbia SC and Irmo SC area.  If I can help anyone please drop me a line.  Thanks and good luck.  

Gary