With a great 3.25% rate and a real cashflow of close to $400 per month this property pays dividends every month.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

I'm excited to share that I just received my closing dates for both properties.

Great location in central Augusta close to great shopping, entertainment, and the most famous golf course in the world.

a double close or would it be more of an addendum and replace the buyers name with my name.thanks in advance for all your advice

Talk to the realtor and whoever is handling closing. 

I just closed on a house in Summerlin and the renters are basically standing in line for options.

If it is vacant, you feel confident and comfortable with the other contractor after doing your DD AND they have a lower quote, why not give them a go?

I house-hacked several properties and it was a great way to get into the real estate space with a lower amount of capital.If you end up looking at using a renovation loan like the 203k or Homestyle (both of which HIGHLY recommend) please reach out because I am happy to guide you through the process.

This week it was announced that my job site will be permanently closing its doors within the next couple years.