All Forum Posts by: Larisa Dalekorey

@Pat L. I agree with what Pat. Buy a new home that you know will be fine and a house that's way older that's close in price to a new build. You have warranties on new construction over expired warranties on the older house. I personally would go for new construction.

@Tim Herman yes I'm going to contact the company and find out more details. I just randomly had a lightbulb and decided to look into foreclosures.

I decided to look into my areas foreclosures....and I found a 3Bed/2Bath 2564sqft house for $79900 in Batesburge, SC. It needs some TLC like new paint new siding baseboards and fix up the car port.

What are your experiences and thoughts on this? Should I jump on and fix it up and rent it or flip it?

@Shelby LeBlanc Awesome so everything worked out! Best of luck to you

@Shelby LeBlanc that's fantastic!

@Shelby LeBlanc why put in blinds when you could just go a cheaper route of putting in curtains appealing to the eye. And instead of putting in expensive counters (or is it counter tops) you can measure it yourself and put in lole a butcher block counter tops. How much is the property worth now? How much are you going to give it up for? How much are the monthly payments on the mortgage?

@Colin Smith Yes it makes sense. I'm trying to turn my VA home loan into conventional loan where in my specific area I'll be making 10% CoC ROI which will be $504 a month. Than use VA home loan to buy either SF again or multifamily that can have a little TLC like (new paint, new floors...I'm not looking for crazy major construction project for my next property) But that will add value to the property after a year because 1. it's been renovated 2. it's going to be close to military installations 3. I will repeat the process of turning my VA loans to conventional loans (if it gives me good outcome) But what's important to me right now is to be able to build passive income more than getting 100 units in 1 year. I'm trying to make the best move possible and not get myself into a situation where it will be harder to get out of. With income coming in and after refinancing I'll have some cash to put towards minor renovations to build equity. Also, my goal for 2022 is to have a total of 3 properties before 2023. I may have to go again with SF than for 3rd property go with 2-4plex.

@Caleb Brown Yes I have a good PM to help me with my SF home. I'll give them a call to set up a meeting.

@Jeremy Gaal I eventually will move out to Colorado Springs to start scouting the area in person and connect with good experienced investors. I have a good PM in line in my area that I will be working with so I can continue to grow in investing.

@Colin Smith I'm trying to do both make passive income and build a portfolio. What others have said of freeing up my VA loan makes sense to me and gives me a better approach to what I've been searching for as clarification. I'm ready for this crazy journey to begin. I'm in it to win it and there is no stopping me from success! I know I can do this and I'm so thankful for the knowledge and to continue to learn more and grow as a mother, born leader, and entrepreneur/business woman.