All Forum Posts by: William Kolb

When I bought the house, it had good bones, but needed a lot of cosmetic work.  It also needed a new roof and A/C & Heater.  I fixed the cosmetic problems, got the roof resheeted and had it reshingled.  I also got a new heater and A/C.  In addition, I replaced the internal water lines.

I would prefer a steady profit stream to a lump sum.  I am on the outskirts of a big city and there are a few rentals near me.  They are never vacant.

I believe holding on to the house makes the most sense for me.

Thank you.

Hi. I am in a unique situation. Around 2005, I was seriously injured and medically retired from the U.S. Department of Defense. After I became able to walk again, I bought an RV and begin touring the country. I visited friends on the way. To make a long story short, I ended up buying a HUD foreclosure for a widowed friend and her 8 year old son to live in while they got their lives together.

I now have a house I have no need for. My total cost for the house, including capital improvemrnts is $95k. Similar houses on the street rent for $1,400 per month.

I could sell the house for around $140,000 or I could rent it out, with a property manager handling it and continue my travels.

I like the idea of holding on to the house.

Advice would be appreciated?

Hi. I am in a unique situation. Around 2005, I was seriously injured and medically retired from the U.S. Department of Defense. After I became able to walk again, I bought an RV and begin touring the country. I visited friends on the way. To make a long story short, I ended up buying a HUD foreclosure for a widowed friend and her 8 year old son to live in while they got their lives together.

I now have a house I have no need for. My total cost for the house, including capital improvemrnts is $95k. Similar houses on the street rent for $1,400 per month.

I could sell the house for around $140,000 or I could rent it out, with a property manager handling it and continue my travels.

I like the idea of holding on to the house.

Advice would be appreciated?