All Forum Posts by: Phillip White

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Phillip White has started 1 posts and replied 5 times.

@David Alvarado thanks for your wisdom.

0 Votes

@Tyler Tapley it is on Graceland in the 38116 area

1 Vote

@Joseph A. i am hoping to get 1000 per month.

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@David Alvarado thanks so much for that wisdom. My goal is to buy and hold for cash flow. Question when you say "almost no money in the deal" you mean after i have refinanced and pulled my initial money out because i put 10 in to start.

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I recently purchased an SFH in Memphis for 60k and looking to spend 20k in rehab bringing the house up to a nice living condition. The ARV's have been at 100- 129k in that area for nice homes. Question is after I am done should I refinance and hold or try a sale? I am nervous that once I refinance that monthly rent will provide me little to no real cash flow and that maybe if a sell there could be a small profit? This is my first one so I would appreciate other your thought on this?

0 Votes