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All Forum Posts by: Mary lou L.

Mary lou L. has started 66 posts and replied 360 times.

Post: Negative monthly cash flow

Mary lou L.Posted
  • Investor
  • Wichita Falls, TX
  • Posts 382
  • Votes 123
I really am in the same boat as you are. I refinanced about 10 years ago into a 15 year loan. Been negative about 100 a month since. I also made extra payments, because my goal at the time was to pay it off quick! Then I found bigger pockets! Lol! The good thing for me is it has been a forced savings plan for me and I am looking to refinance in the next few months or so. I also had an original 30 year VA loan and refinanced to conventional. What lender are you using to refinance using the VA? I tried with usaa but they are not refinancing on investment proprty at this time. Is it better to refinance va instead of conventional if it is an investment property? I wish you luck on your refinance!

Post: Fresno Home Show this weekend with Nicole Curtis of Rehab Addict!

Mary lou L.Posted
  • Investor
  • Wichita Falls, TX
  • Posts 382
  • Votes 123

I am excited to see her ! I love her show!

She will be at the Fresno, Ca  Home show (The show is three days starting this Friday 6th) ONLY on Saturday the 7th at 2:00 and Sunday the 8th at 1:00.

According to the fresnoshows.com site there will be a meet and greet for one hour after!

I think it will be a great time!

Post: New BP member from Fresno, CA

Mary lou L.Posted
  • Investor
  • Wichita Falls, TX
  • Posts 382
  • Votes 123

ii live in the Merced area as well. Still working on that first deal!  Just wanted to say, Welcome! 

I just love Bigger Pockets! There is always interesting reading here and the support is unbelievabe! 

Post: Fun rehab project - Pictures - Viewer Discretion is Advised

Mary lou L.Posted
  • Investor
  • Wichita Falls, TX
  • Posts 382
  • Votes 123

I was curious if you remembered the color you used for paint. And it looks like you painted the paneling. Did the paneling have to be primed first? And great job on that bathtub! What did you used to get those stains out?

Wonderful rehab!

Post: Pictures of a Not So Junk $30k Rental....

Mary lou L.Posted
  • Investor
  • Wichita Falls, TX
  • Posts 382
  • Votes 123

Wow! On that "inground pool" Did the realter list it as "quirky home with spa like pool?" LOL!

Love your results! Your kitchen is going into my idea folder!

Post: Going big! We are concidering a teardown and rebuild.

Mary lou L.Posted
  • Investor
  • Wichita Falls, TX
  • Posts 382
  • Votes 123

@Manolo D.  That would be great provided we had the property and funding! I dont think we could sell each as its one piece of land. And we couldn't split it. 

Our plan was to build a 2bd home over a two car garage to save space. And build a 3 bd in front. But the bank rejected the offer.  

Post: Going big! We are concidering a teardown and rebuild.

Mary lou L.Posted
  • Investor
  • Wichita Falls, TX
  • Posts 382
  • Votes 123

@Kelly R. 

Well they rejected the offer. Going to keep an eye on it. Curious to see if it does sell and for how much. We offered 17900 and its listed for 85000.

 The address is 725 Kibby, Merced.

Post: help! need advice on potential tear down and developer flip

Mary lou L.Posted
  • Investor
  • Wichita Falls, TX
  • Posts 382
  • Votes 123

@laura 

@Laura A. I know its been a while, but how did this pan out? I am facing a similar situation. How to calculate offer based on teardown and rebuild.

Post: Building a Duplex - Blueprints?

Mary lou L.Posted
  • Investor
  • Wichita Falls, TX
  • Posts 382
  • Votes 123

I am interested in plans a well, esp for homes between 800 to 1100 sq ft. 

Post: Tips on negotiating with Fannie Mae

Mary lou L.Posted
  • Investor
  • Wichita Falls, TX
  • Posts 382
  • Votes 123

@Satha Palani  did you go through with the contract? I am in a similar situation with a property priced at appraisal, but both houses are condemned. I made the offer on basically the land. Im waiting to hear back.