All Forum Posts by: Revis Boyd Isbell III

Thank you. I'll definitely look into it.

I am in the process of trying to get pre-approval to purchase a rental property. I do not currently own my own home so this is the first time I am going through the process. My question is should I try to get approved for an investment loan or conventional? I am planning on BRRRRing the property and doing a cash out refi within 6 months (hopefully).

I want to make sure that I am not doing something that will prevent me from renting the property and refinancing later. Any advice would be greatly appreciated.

Where is it located in Etowah County?

Thank you both. I will look into those options.

My partners and I purchased a foreclosed property a few months ago. This is our first purchase. We rehabbed the property and now have a good tenant making good cash flow.

The problem is we are trying to use the BRRRR method and were turned down for a refi. We do not have bad credit but it isn't the best. Our scores hover in the low to mid 600's. What other avenues are there for use to try. We want to get another property this year so we can scale next year.

Thanks

@Jim K., should I put something down over the flooring. It is in pretty good shape and do not want to ruin it. 

I just bought a foreclosure and am in the process of renovating and getting it ready to put on the market for rent. We were not able to view the property before hand but did have pictures and a assessment of the property to go off of.

When we finally closed and went inside to look it over and get a plan together, we noticed that the paint was peeling (the LR and hallway are a lime green and every other room in the house is a different color) in just about every room.

I started to peel a bit off to see what the deal was and the paint peels off in huge sheets and feels almost like rubber. In the other rooms it peels the same but is not as thick and does not peel off in sheets. Pics are below.

My question is how do I get this paint off the walls in a quick and efficient way. I do not want to paint over them for fear of the new paint eventually doing the same thing when I have a tenant in the home. Any and all help is appreciated. Thanks

I just bought a foreclosure and am in the process of renovating and getting it ready to put on the market for rent. We were not able to view the property before hand but did have pictures and a assessment of the property to go off of.

When we finally closed and went inside to look it over and get a plan together, we noticed that the paint was peeling (the LR and hallway are a lime green and every other room in the house is a different color) in just about every room.

I started to peel a bit off to see what the deal was and the paint peels off in huge sheets and feels almost like rubber. In the other rooms it peels the same but is not as thick and does not peel off in sheets. Pics are below.

My question is how do I get this paint off the walls in a quick and efficient way. I do not want to paint over them for fear of the new paint  eventually doing the same thing when I have a tenant in the home. Any and all help is appreciated. Thanks