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All Forum Posts by: Lawrence Snipe

Lawrence Snipe has started 7 posts and replied 15 times.

Post: Is 250 good cash flow?

Lawrence SnipePosted
  • Flipper/Rehabber
  • Charleston, SC
  • Posts 16
  • Votes 4

Is 250 a month good cash flow on my current sfr?

Post: Recently Inherited property

Lawrence SnipePosted
  • Flipper/Rehabber
  • Charleston, SC
  • Posts 16
  • Votes 4

@Kyle Wells I do own the property outright clear deed and title comfortable homes are selling between 65 at 75000

Post: Will the bank refi my property?

Lawrence SnipePosted
  • Flipper/Rehabber
  • Charleston, SC
  • Posts 16
  • Votes 4

I Currently own a house ( clear deed and title ) worth 70,000.

Will a bank loan me money on said property?

Post: Recently Inherited property

Lawrence SnipePosted
  • Flipper/Rehabber
  • Charleston, SC
  • Posts 16
  • Votes 4
Originally posted by @Justin Windham:

@Lawrence Snipe

You might be able to do that if you have enough equity in the property in 6 months. If you can get the upgrades done, find a renter and start bringing in that $1,000 a month, that will definitely help you on your path. Sounds like you're off to a good start. I'm sure other will chime in as well

thanks for the help

Post: Recently Inherited property

Lawrence SnipePosted
  • Flipper/Rehabber
  • Charleston, SC
  • Posts 16
  • Votes 4

My father recently gave me a property and i want to use it to start investing in more properties

this particular property needs roughly $5,000 in upgrades to fetch a $1,000 per month.

Should I refi the property in six months and use that money as Seed money to acquire more properties?