All Forum Posts by: Raymond B.

I purchased a home in Durham, Ct.
Rehabbed and flipped it.

Took it down to the studs, and then called in the Building Dept Inspector, and told him our plans.

He agreed with everything that we wanted to do.

As the work progressed, we had him come over to take a look, and he said, everything that we had done, was exactly the way he would have done it.

We had to build a fire wall in the basement, because the garage was part of the basement.
We thought that we had to put in a solid metal door, and he told us, that a solid wood door is legal. Saved us a few $$$.

Ray in Ct.

Adam,
The similar houses that you found on the MLS:
Were they already sold, or are they for sale?
If they are for sale, comparing them is useless.
You need to find similar houses that have been sold, within as close an area to yours, as possible.

To figure your purchase price, get the ARV, deduct 30%, and deduct your rehab costs, including empty house/rehab insurance, purchasing and selling, etc.

Ray in Ct.

Linked to make it easier to get to Sarah's page:

http://sarahdsays.weebly.com/healing-sarah.html#/news/

Ray in Ct

An "ugly house" can be a huge money maker.
Remember, most people will run from an "ugly house."

Ray in Ct.

As a new investor, do you understand the 50/50 rule as a guide?

If not, plenty of information on this site about the 50/50 rule as a guide.

Ray in Ct.

Bill, could you explain in detail, what you mean by the above statement.

Thank you,
Ray in Ct.

Linked for you:

http://finance.yahoo.com/loans/article/111025/what-it-takes-to-get-a-loan?mod=loans-home

Ray in Ct.

I agree with Dr. Thomas Fish, PhD.

I don't like the way this new forum is set up.

I have to spend more time, with the new setup, and I don't like it.

Hidden forums, does NOT make the site better.

Ray in Ct.

Linked for you:

http://technolog.msnbc.msn.com/_news/2010/10/20/5321935-rents-too-high-guy-not-so-funny

Ray in Ct.

Joshua,

Before you did this upgrade, I could click on the "forum link" (top left side of the page) and every Category was shown, with the last post, and about how long ago it was posted.

Now I have to search for a Category, click on that, and then I see when the last post was in that particular Category.

Ray in Ct.