All Forum Posts by: Michael Feeley

@Cole Leonida We are looking to move to Highlands Ranch/Littleton area and there is not a lot of rental inventory available, so demand should be high for available properties. The $3k rental price seems like a good deal (for you as it is a bit high), although it depends on the size of the home. I am a newbie to investing as well so please do not take my advice but I do know we are having an issue locating a property we like and would be willing to pay more to get something which could bode well for a newer home in a great area like Highlands Ranch.

Thanks everyone. Opendoor's offer after all the fees works out to about the same net amount as if I sold my home on the open market for a price $16k higher than my Opendoor offer.

I will have to pay capital gains as I have only been in the home but with all the updates, I made to the home my taxes wont be too bad.

Hey All,

I am looking to start flipping come January. All my education has been in flipping 5 personal homes and focusing in on single family (books, BP podcasts and YouTube). I am also looking at mobile homes and am looking for advice on any core differences that I should be aware of between flipping your standard single family home and mobile homes.

Thanks so much!

Hello Everyone,

We are about to sell our home to Opendoor but I am wondering if we should hold and rent it out. The math says we will lose $200-$400 a month. I am considering it as we have only been here a year and I would need to pay capital gains. Should I:

1. 1. Hold and Rent waiting to sell in a year or two at our current 7% appreciation rate?
2. 2. Sell and despite capital gains, sell and make a decent profit on a home we do not like?
3. 3. Refinance at an appraised value $125k about the current owned amount? Rent and use funds to invest.
   

Thank you so much for your assistance.

Mike

Just wondering of anyone has used Ownerly.com and if their results are reliable in regards to accurate appraisals?

Hello Everyone. This is my first post so please excuse any posting formalities that I may miss.

I am looking to start flipping come Jan. 2022, looking for 3+ BR; 2+ Bath distressed properties in the Inland Empire (primarily Menifee, Temecula, Murrieta, Sun City and Wildomar - California).

I came across this listing that seems to be ideal:
https://www.realtor.com/reales...

I will not be making an offer as I am not ready yet but would love to get others opinions if I am on the right track.

Thanks!