All Forum Posts by: Paige B.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $78,000

working on currently
Bought with private money
ARV: $220,000
estimated rehab budget: $83,000

 Are you wanting short or long term rentals? What's your email, I can send some properties over?

 Welcome Colby! I'm located in Mississippi as well! I'm currently a fix and flip investor in the Luceale area, as well as a Realtor! Please reach out, I'd love to help you get started!

 I can help you if you are interested in South Mississippi!

Hey Breland! Congrats on your first STR! Let me know if I can help you expand your portfolio, I work with several investors here in the area that are doing well with Short term rentals! Let's connect:)

Hey Lavette! I work with several out of state investors who are investing in the Mississippi Gulf coast. We have great cash flow here and many different strategies have been working- fix and flips, buy and holds, short term, and medium term are are seeing good results! Let me know if you'd like to chat about the South Mississippi area!

Kitchen and Bathrooms are the most important by far. And exterior curb appeal is veryyy important. 

I think you should put it in an LLC and then put the LLC in the trust. And yes, It's not hard to sell a home in a trust

There are options!!! If you have a primary residence you can get a HELOC for the down payment. OR you can do a cash-out refi on your rental if you have equity. Or you can buy a primary residence with a USDA loan for 0% down and then rent it out after 1 year. Or you can get a business line or credit. I'm sure there are other options as well that I'm not thinking of. Hope that helps! Best bet would be to talk to an investor friendly lender.

It really just depends on what type of market you live in. I think mid-term rentals are a great strategy for a house hack, if you're in a good mid-term rental market. You would need to be in a location where there are traveling workers. Short term rentals don't work in every market, you would really need to be in a touristy area. Long term usually have the smallest returns, but will be much less work, and likely much easier to find renters.