Updated over 10 years ago on . Most recent reply
New Investor in West Palm Beach
Hello just wanted to make a first post on this board. I've been lurking and reading for quite some time now. I've learned a lot on here so far but still have a ways to go.
My wife and I just closed on our first investment property. It's a Fannie Mae SFH that we are going to make a rental. I'm in overload mode right now as i try to get quotes on all the work that i want to do to the house. New tile floor, paint inside/outside, landscaping, granite, ect.... I'm trying to get the house fixed up asap so i can put it on the market quick. But my worry is that I may be spending too much when it's not needed. My reasoning behind that though is resale value and also a quicker turn time to get it rented.
Anyways I look forward to learning more about real estate investment and being a landlord as it seems both fun and profitable!
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Where exactly is it located? The palm beach area is amazing $500k houses blocks from
$50k houses. The level of rehab should conform (or for a flip slightly exceed) competitive properties.