All Forum Posts by: John Andrews

 Because its an fha loan my mortgage insurance is 220 a month. And I'm a contractor so it would be only material. I'm just trying to figure out the best return in equity for my money

I have a pole barn approx 1300sq feet it already has a stand up shower and a bar . it would be easy to add a spilt unit ac\ heater and a bedroom, stove, and refer already has a farm sink? would this add much equity. I'm on 18 acres and the main house is a 2 bed 2 bath that I'm adding a 3rd bedroom too. Trying to build enough equity so when I refi I can get rid of my mortgage insurance. without putting cash down on the principal. I can add pics if allowed

Just wondering if low cost 15-40 k properties are a bad investment for rehab and hold. Seen a few that have been damaged from floods/ hurricanes in smaller towns. Not alot of investors around I guess. I'm a contractor looking to dabble in investing but worry there is a reason they are on the market? Any advice is welcome

Just getting lumber right now is a feat. Damn hurricanes