All Forum Posts by: Lane Baker

10.38% 

I just pulled out $50000(heloc) in equity from a rental of mine. I feel as though I have lost momentum. I live in Valdosta Georgia. What would you do if you had $50k right now in todays market? Anything helps. I need to get this money working for me asap. 

Investment Info:

Single-family residence other investment.

Purchase price: $385,000
Cash invested: $27,000

Live and flip property. Currently under remodel. 1/3 acre lot. Next to JBLM

What made you interested in investing in this type of deal?

Lot size and potential as a future rental property.

How did you finance this deal?

Financed through a bank

How did you add value to the deal?

Simple renovations. New floors kitchen and bathrooms

Lessons learned? Challenges?

The house was a disaster when i closed. It has taken 10 months to clean up the property. Be patient and consistent. The house is almost complete and looking good as new.