All Forum Posts by: Mark Reconnu

Thank you for your input!

Hi everyone I usually buy foreclosed homes for cash and then rent them, however I just found a foreclosed home (similar to the ones I usually buy) but this one has a nice inground pool in backyard. The backyard where pool is in is nicely landscaped with palm trees, a coy pond and a tiki bar! This would not be something I would rent but I want to know does anyone here have experience on hard it would be to flip this house with a pool. It's in NC so the climate is nice. It last sold in 2006 for than double than the price I can get it for. From the looks of it I shouldn't have to more than 10k into it.

Thanks for your input, I will have to check that out.

I own some single family rental houses that I paid cash for and have tenants in. I was thinking of taking out a loan against some of them to get a large down payment for an 8 unit or something like that. My issue is I went to the bank and said they couldn't do it because the properties are in the name of the LLC that my wife and own. Any suggestions? Once again all these properties are paid in full.