Hi Everyone,I’m investing in an essentially turnkey (it was a flip) MFH in Woonsocket, RI and wanted to get your take from anyone who has experience in the city.I know the city has a bit of a reputation, but it’s in the Fairmount neighborhood that tends to be quite good.

Based out of Salt Lake City and looking to do multi-state investments in real estate by flipping or renting. 

RE has always been a big thing that always intrigued and in 2024 I went ahead and took the risk of buying a fix and flip investment with a partner and soon it will be on the market!

I'm working with an investor client who is particularly interested in fix & flips. we've come across a number of lender owned / HUD owned properties with steep discounts.

Are you leaning toward a specific strategy like buy-and-holds, flips, or house hacking?

I also wouldnt let your mom go into 2nd position on an investment property with any sort of restructuring; it doenst sound like she's in a position to risk being wiped out.Overall, though, if you want cashflow on the new property but cant achieve that after a refi into a market rate loan, it probably makes more sense to just flip it, pay off your heloc and your mom, and use the remaining capital for the next deal.

Looking to get into Single Family, Multi-Family, Rental Properties and want to complete a Flip this Summer.

I'm interested in buy and hold for now, might do some fix and flips later on. 

I have done a couple of fix and flips.

You can also do a live in flip where you use the equity to sell and reinvest down the road.