All Forum Posts by: Gina Dovel

Great Job! 

Thanks for all the advise! You all have given me a lot to think about. I agree that educating myself is the best thing I can do and since discovering this site I have learned much and I have also learned how much I do not know! One thing is for sure, I am very excited about the possibilities. I love reading all the posts! So if anyone else has any suggestions please let me know. I am not afraid of risk as long as it is calculated. Analyzing properties is something I enjoy and have notes all over my desk of houses I have looked into. Now that I am a "Pro" I will be using the calculators provided here. Please keep the advise coming! 

I'd like more details. I'm in the Greensboro area. 

Here is what I am thinking to do with the $150,000. 

1) The money came from a refi on my personal home that I previously had no mortgage on. I would like to buy a rental that will cover the repayment cost which is around $770. I would like to pay no more than $50,000 for this rental.

2) With the remainder of the money I would like to buy a house that needs rehab that I could make $20,000+ on. 

3) After I sell this rehab I would like to do the same thing again with another house. 

If you were just starting out and had $150,000 to invest in real estate where would you begin? ( This is me! I would like to have at least $4000 a month in income by the end of the year.) 

We are still crunching the numbers on this house and the driveway scares me. Here are a few pictures. What do you think we could do besides replace it ? 

I will post a picture tomorrow. It is crumbling and sunken in one area. 

I'm looking at a house that has a driveway that goes behind the house. Lots of concrete and part of it is a mess! Any suggestions on house to repair without digging up and replacing?