All Forum Posts by: Jenny Gremillion

thank you Drey! This is great...

@Ryan Hazelwood I’m 40. 7 SFHs in Louisiana, one duplex in TN and one Short term rental- beachfront townhome in FL.

I use my HELOC for my BRRRR rehabs. When I refinance, I pay my HELOC down to $0 with an 80% Loan to value. I am trying to calculate my ROI now, 3 years later and measure them again my stock market returns....Please advise!

@Mandi Lambert Anderson Advisors out of Las Vegas are great. Good luck! You would be great at flipping and then buying and holding due to your experience!

@Herndon Davis you would start with reaching out to a local shoring or moving company to get an estimate. They could help you with your questions.

@Don Konipol this is great advice don. Great reminder. Thank you!

@Julie McCoy I’m from TN by the way! Martin , TN. Northwest tip. 😊

@Julie McCoy thanks for your reply. Yes we’d split the rehab. I’m not that stupid, LOL. Yeah I have to dive deeper into the numbers and make sure it makes sense. It’s in Navarre Beach. Florida and we absolutely love the area and want a place there eventually so there is that emotional component as well… But I have walked away from many deals in my career and will walk away from this one too if it does not make sense financially! ;-)

@Aaron Wade to clarify- we will split rehab! Sorry. This is a friend of ours as well. I trust him. He’s open to any options. He bought the place for probably around $400k and it’s probably doubled in value. Makes sense what he’s trying to do. We love the area and want a beach house there. But don’t want to lose money either.

We have a friend that owns a large beach front townhome that needs updating. Could double income or more if the updates are made.

He is approaching us asking if we want to buy into it (split in half of appraised value). He wants to let me run with it and renovate it and then I’d be the one to manage the VRBO listing. We’d split the profits and I’d get a percentage monthly to run the listing.

I’m curious if anyone has had any experience with this? Any advice or tips? Thanks.