All Forum Posts by: Account Closed

With the information you gave, I would flip the house and move onto the next thing.  The idea being that you've just increased your capital and then you can transition that into another property and either do it again - raising more capital - or buy and hold with hopefully excess leftover.  Personally, I don't like credit card debt.  That's the main basis for my opinion.

Loving the details Chris!  I hope you're getting good before and then after pictures.  

There's a third element not asked by the original question.  

I am investing for priority in the following order:  Autopaying down principle, cashflow, appreciation.

This is because I'm in it for the duration.  Retirement from my W-2 job and real estate investing are my end game goals.

I just stumbled upon this.  I'll try to be there plus one.

Welcome Rob!

I don't know many real estate agents other than the one I have used.  

Very well done @Jonathan Twombly !  You're almost doyour goal.  

@Jesse Reese have you read the Ultimate Beginners Guide for Real Estate on this site?  The podcasts of BiggerPockets are also very helpful in getting people started who have limited finances for that first move.  It's all very inspiring, but you will have to take some time to describe what you can bring to the table that would make an investor want to partner with you.  The latest podcast I hear talked some about birddogging.  It seems like you could be the "go-getter" and earn some money on the side as well as building a business relationship and benefitting someone else in their investing.

@Joey Nakayama 

I would suggest checking out Craigslist, Angie's List, check with the guys/gals at Home Depot to see if they recommend someone.  I've seen advertisements that they do.  Ask for at least 3 references for each handyperson and call each reference.  Ask what their cost of consult fees, hourly fees, other.  Are they licensed for the work you are needing done?  You can also find handymen/women at a real estate company.  Call a place like Bluestone & Hockley and ask about their handymen if that's kosher.

Hope these suggestions help.

Oh yeah, standard is 1/2", but.... if you're downsizing, you could get more water pressure out of your shower with 3/4".  I did that on accident with a remodel, but it turned out to have GREAT and enjoyable water volume/pressure.

@Adam Moehn , As far as my bathroom remodeling experience, the easiest way to deal with the plumbing/faucet issue is to purchase a new faucet with a valve.  Disconnect the existing plumbing upstream reasonable enough to give you room to install adaptors and new plumbing.  The easiest plumbing to install (plug and play) is using Sharkbit pipe (plastic) and push-fittings/connectors.  It's like playing with legos!