All Forum Posts by: Tracy Graham

I"m thinking I just need my rental dwelling coveraged but  not the furniture.  In one house I have a stove and another I just have a fridge.  I don't want to pay for additional ins premiums when i don't have any furniture in the home.   I just want the house covered, not the contents.  Any help will be appreciated . 

anybody heard of this company or software ? 

 rental.  There are not a lot of 4 BR homes in the area.  didn't know if that would be a bad thing or would it really add value?  But if I don't go thru the added expense of putting in a closet it could be used as a den and still add value due to heated space

 I would use some of it to purchase another property.  Some of it would go into a capital account for furture expenses.  Would cash flow about 130/mo if I pull all the equity

I am about to put a bid on a foreclosure.  its a 3/2 but the single car carport and been closed in.  Studs are up, siding is all completed on the outside, front and back door is installed, no duct work into that room yet, there are still steps that go down to this new space.  I want to finish this space obviously - its about 250sqft.  Needs sheetrock and insulation.  Should I look into making it a BR turning it into a 4/2 or more of a den/sitting area?  What would bring most value? 

I plan to offer 65000 and I'm thinking it will pull $100/sqft on ARV. its right at 1400sqft with the added space.

just making sure I"m on the right track... If I can pull all of the equity (85% LTV of the ARV) and cash flow around $100/mo I need to vs leaving money in the home??

 AS you are doing these cash out re-fi's, are you placing this money to the side?  ex.....   You buy house B with the cashout refi money from house A ? 

Conventional 

@Andrew Postell using that money to buy another, when the next property gets rehabbed and ready to “refi”, I pull those funds to pay off the previous Heloc.