I was the agent, New Era Construction ran most of the rehab for me with some other sub-contractors that I hired for plumbing, electrical, paint, landscaping. 402 Title services closed the loan and they do a great job for my other clients too.

I was the agent, New Era Construction ran most of the rehab for me with some other sub-contractors that I hired for plumbing, electrical, paint, landscaping. 402 Title services closed the loan and they do a great job for my other clients too.

The numbers I'm pulling are north of $3000/month which would equate in solid cash on cash, and cash flow with 25% down on $489k property.This home was built in 1925 but very updated across the board from interior, exterior and major things like new roof in 2012, new AC in 2015, and new plumbing / electrical in 2017 - BUT, this was built in 1925 and still at the back of my head.

Last year I had the entire electrical in the home completed.

There is just one electric meter for the house.

Tenants pay water/sewer/yard maintenance/trash/electrical.

@Greg Powers Thank you for the information!

Solar panel placed in 2018 so can charge for electricity for rents.

It will be about 4.5-5 months until I have an actual credit score and I am doing everything in my power to build it up.

Won’t that reduce our borrowing power?