All Forum Posts by: Louis Bratton

Sounds like you have a very good plan but the inventory for Duplexes are pretty low, and the prices are on the high side for all of them that i see hitting the market in Raleigh. If you find one that works for you jump on it but if not don't rule out doing a FHA 203k loan and buying a single family and adding value that way. Then you could possibly build enough equity to take out a Heloc and use that money to buy another property.

Maybe someone needs to start a class action suit against the government for trying to take peoples property. If they are telling people they don’t have to pay rent but not compensating the landlord and the bank takes the home in a foreclosure it sounds like some form of entrapment. Im no attorney but i’m just saying.

This is an old post but i am thinking about relocating a kitchen to the front of the house also, but the difference is that i am going to sell this house on the MLS. It is located near downtown Durham NC and it seems every flip i see in the area has the kitchen relocated to the front, and seems to be the expectation around here. My question is if you are selling the house vs renting would that make it more worth doing? Will i be able to sell for much more by making this laying change?

Jacob this home was purchased 15 years ago and has a mortgage at 3.25%.  Cash flows do to these factors plus rent increases in this area.  Its not a 1% deal but close .75%.

I am debating selling my old primary home. I moved out in June of 2017 and converted it to a rental property. I am making decent cash flow but I am sitting on nice chunk of equity (at least 100K) and I know if I sell it before June 2020 I get to keep 100% of the profits tax free.  I never planned on selling it because it is in a high appreciating market, but I am just wondering if selling it is the best option to allow me to scale faster.  I have been primarily a buy and hold investor for years buying one home a year, but I want to get to a point where I can pick up at least five a year.  What do you guys recommend?

I have done five deals so far using my own money or traditional financing.  I am looking to use some of my own cash plus hard money for my next deal, but how do I show proof of funds to get the deal under contract if I have to have it under contract to apply for the hard money?

Is there any other homes in the same neighborhood thats getting $1800 - $1900 a month? If not then you cannot raise the rent.