All Forum Posts by: Rahma Z.

What Are your thoughts on the Harrisburg NC market? Do you think it'll continue on an upward trend or do you think pricing and values are going to give a little and maybe plateau?  Sometimes it's hard to justify what seems to be overinflated pricing on some of the houses in that area so would love to hear your thoughts or maybe even see the stats on that market. TIA!

It was a battle getting them to agree to the Purchase price so I highly doubt they will budge lower, especially with closing scheduled soon.  Even if we did tear down and rebuild, im afraid it would put us under water or at a break even point if we are super strict with the build budget- plus adding to that, I don't know how the rehab lender would even look at this now if we do have to tear down. My hopes is that maybe we can salvage the "bones" and gut it to the studs and start over. I just don't know where to even begin

I am UC on a NC in home built in 1948 - closing in a few days. At first walk through when the house was furnished, it looked like an extensive rehab project.  Now with the sellers items out of the house, it's looking more like a complete Teardown and I am seriously questioning the deal at this point. Would appreciate some helpful advice on what you look for when determining whether to tear down and start over , or to bite the bullet and rehab best as possible. Thanks in advance 

In North Carolina 

Hello all! I am under contract on a property that I plan to rehab and hold as a long term rental. I'm looking for a lender with the best option with the lowest amount of down + 100% rehab. The lender I have used in the past has been fine but has recently changed their terms and i'm not looking to do 80% LTV. Any recommendations for lenders? Thanks in advance!

Looking for advice and expertise! 

We are getting ready to start the rehab process on an investment property that we plan to use as a Section 8 eligible rental. Our dilemma is this : The house is 53 years old (1971 build). It can use new windows and kitchen cabinets (the current ones are still functioning fine) but aesthetically and for value purposes, could benefit from a rehab. We are putting in  new floors (there are none currently) , a fresh coat of paint, and having to redo a bathroom because of a subfloor repair, along with other knick knacks.  Anyways- if it were you, would you go ahead and redo the kitchen with new cabinets/granite, and put in new windows - or would you leave them as is - and spruce up the kitchen with a coat of paint to the cabinets as a temporary update , and just wait 5-10 years when it's time to sell to do those type of upgrades/rehab (New windows and New kitchen). Hubby says that the tenants will just destroy it and its best to just wait the 5-10 years to put the money into rehabbing those things, whereas I think we should do it now. What do you think?

Your thoughts/advice is very much appreciated!

Hey Jonathan, 

What do you mean by "drop shock" ?

In our last rental, we did ash/white oak colored floors and sage green cabinets. It was a game changer. So much character and pizazz in that color combination - and if the "trend" fades in 5-10 years down the road, we can just repaint the cabinets. The floors are a neutral  timeless color so it's always a winner for us. Hope this helps! 

Under contract on a few rental properties and shopping for a lender! In your opinion, what are some of the best Lenders with the most competitive DSCR rates? Thanks!