All Forum Posts by: Jeremy Torres

@Rex Celle yes we plan on renting it out ASAP. Has new HVAC unit. Some parts of the floor need to be redone most of it is laminate wood. Some areas aren’t good but not bad either. New paint in the kitchen only. it comes with gas stove and fridge. Our next step is getting a property inspection done

@Rex Celle turn it into investment property .

My dad just got prequalified in a house that’s listed at $90,000 in south Texas. We looked at it earlier with a realtor too. 3bd/1 & 1/2 ba She said it’s a “hot house” with several inquiries already . Any advice/suggestions would help !

My dad just got prequalified in a house that’s listed at $90,000 in south Texas. We looked at it earlier with a realtor too. 3bd/1 & 1/2 ba She said it’s a “hot house” with several inquiries already . Any advice/suggestions would help !

Thinking of using it as our first investment property What’s next ?

@Ray Harrell south Texas

$100,000?!? wow things add up huh ? the floors look like laminate/vinyl some parts need help not all.   id say for sure new paint, new countertops, new stove/fridge, new front door & just a few windows need to be replaced. i drove around the property and some of them have already been replaced.  the house would probably look better without the car port too . or shoud i keep the car port. its not too bad but couple boards may need to be replaced & repainted 

@Ray Harrell the neighborhood isnt too bad in that area, but its not the greatest. i would say its mid to low income

@John Underwood homes around the area are roughly $75,000 realtor.com days there’s home around there valued anywhere from $60k-93k

@Jaysen Medhurst if I did 20% down , 4% interest , 30 year mortgage, according to realtor.com the mortgage would be $549

Property Taxes are $165 & insurance would be $65 , principal & interest $319 = $549

There’s a 3bd/2ba home listed at $83,500 built in 1949 with central air/heat if I put 20% down , will I be able to rent it out ASAP ? First timer here ! I also have good credit