Hey y'all, I have approached a point where I have built up more confidence in performing my first house flip in the Charlotte metro region.

He had performed virtually no underwriting.  

Traditional loans are debt—you borrow money, take on a repayment schedule, and owe interest, regardless of how the property performs.

I think an equally probable scenario is that we'll convert it to a rental, and then look into a 1031 exchange if we think we can trade into a better-performing asset. 

We regularly take over properties from managers who haven’t performed well, and it’s a seamless process when done right.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

Real estate investing can absolutely be a game-changer when it comes to freeing up your time and helping shape the community you care about—especially in our beautiful region.You’re on the right track by diving into BiggerPockets.

Was a good unit turn performed?

She is a contractor and she didn't have to perform this cleaning so she doesn't get paid for work not performed. 

If it’s cash flow, selling might make sense to reinvest in a better-performing asset.