All Forum Posts by: Kyle Biggs

Thank you for your time. 

No apologies needed that was great thank you! 

I believe the cash to rehab will be 30 to 35k. This would include adding another bedroom and making it a full 2 bath. Which will make it 4bed 2 bath, and some 4 beds on the same street shave sold for 220k. 

Yes I still have a somewhat high earning w2 income and I will be comfortable. The cash out refi will be close to 20k cash out. My long term goals are a portfolio of roughly 20 doors or more if the opportunities are there. Thank you for your time! 

I'm a investor with 2 rental properties that cash flow $1000 a month. I recently started a refi on one to get cash on another deal. My grandmother wants to sell her home but live there rent free for the rest of her life. Could be one year could be 10. I could purchase it for $60000 and it appraises at $110000 as is. But most homes around her are near $200k rehabbed. Should I buy it and take  500-600 less profit per month knowing I can sell it for a large profit as is or even more if completely remodeled? Or should I pass on it and take the refi cash into another deal?