All Forum Posts by: Hilary Hill

Harvey flooded houses (especially 1st time floods)... To flip or not to flip? Are you guys having any luck rehabbing flooded houses and selling them pretty easily?

I'm sorry if this is a stupid question, but I'm just really starting to research this stuff and some things don't make sense to me... Ok, I've read in several places that multi family units are what many aim to buy. But then someone will say they bought a multi family, rehabbed it, rented it out, but the cash flow is only $200 a month. Why would you go through so much trouble for only $200 a month? Is it because you're also paying down the mortgage on the property so 15 years from now you'll own it and can sell it for profit? Explain it to me like I'm 5, but I'm not getting out of bed for $200 a month. I'm sure I'm missing something here....? thanks!

I'm sorry if this is a stupid question, but I'm just really starting to research this stuff and some things don't make sense to me... Ok, I've read in several places that multi family units are what many aim to buy. But then someone will say they bought a multi family, rehabbed it, rented it out, but the cash flow is only $200 a month. Why would you go through so much trouble for only $200 a month? Is it because you're also paying down the mortgage on the property so 15 years from now you'll own it and can sell it for profit? Explain it to me like I'm 5, but I'm not getting out of bed for $200 a month. I'm sure I'm missing something here....? thanks!

Thank you! We're still in the "learning all we can" phase. Lots of new terminology to sort through. :) Hoping to connect with other local investors soon!

Hey there, my husband and I are in the NW Houston area and we are just getting started in real estate investing. Listening to a lot of podcasts, stalking real estate investing fb groups, Youtube videos, etc. Excited to learn all we can!