All Forum Posts by: Chris Gilliam

Hey Everyone thanks for the welcome... As Requested here is some details about the deal.

It is a 3/2 house on a 1/3 of an acre. In 2008 the property sold for 132k the county appraisal for last year was reduced to 110k. I purchased it at 70k and I am going to have to fix some sheet rock and paint. Should be less than 5k to get it ready to rent. There are two houses in the same neighborhood that rent for 1100 and 1200 a month. So I should be cash flow positive once it is rented.

Anything other information just let me know...

Hey Everyone,
I am new to Real estate investing. Closing on my first property the 22nd of April. This is going to be a purchase and hold property. I am always open for advise and any information. If there are other Landlord / investors in Alabama, I would love to hear from ya any tips or tricks of the trade..

Thanks,
Chris G.