All Forum Posts by: Keith C.

I paid all cash and would like to pull the funds out ASAP.  I did not get an appraisal on the property.  I’m putting  5-10k in repairs. Should I wait until those repairs are made to get a higher appraisal amount? I’ll be renting for a higher amount at that time as well.  (When I bought I had current tenant paying below market value) if I repair and rent, can I cash out immediately or do I know have to wait for s “seasoning” period?  What conditions would make an investor have to “wait”? Thanks in advance

@Adrian Smude I’m interested to know more. I’m considering a place there now. Pm details if you can!

I appreciate everyone’s feedback so far.

I’m going to at least follow up on getting estimates and consider possible next steps.

I’m not sure if I’m allowed to ask, but if anyone knows any contractors or companies I should contact, please advise!

@Anil Samuel Lakeland looks like a spot to grab a 1% rule deal; would you agree?

@Paul Sandhu I wish I could; chronic back issues and working overtime prevent that.

I’m considering putting the pursuit of my first rental purchase on the back burner.

I feel I might have a BRRR opportunity with hopefully less risk (meaning without the Buy)

My folks have a fairly neglected property in Arnold MD that they’re willing to let me renovate and rent to recoup my cost. Then perhaps sell down the road and perhaps split profit or refi...

It’s a home from ‘84 bought for 90k. Near AACC

I won’t be doing the work; that’s about all I do know at this point...

Does this endeavor even make sense (what else might I consider)

How do I start? Should I do all of the project through one GC? Any recommendations?

Should I pay cash? Heloc, etc?

I know there is mold issues among other probs, would the person doing the estimate give me fair feedback as far as if it’s a complete tear down vs a rehab?

Thanks in advance for any feedback!

I feel this could be a good learning opportunity and hopefully a win-win for myself and my folks.