New member from Auburn Alabama

10 Replies

Greetings from Auburn Alabama. 

My obsession began back in 1996 doing some remodeling jobs with my Dad, who was a carpenter/handyman for the property owners of several small houses. 

Bought my first home as a fixer in 2005 for 60K and sold it two years later after diy reno for 112K. 

Next home was bought as a foreclosure that just needed paint, a couple patches, and a good cleaning. Plan was to owner-occupy for 2 years and then sell. Would have been a great plan if we would have actually tried to sell at 2 years, because at year 3, things fell apart for our area. Now, we are landlords of that property with great tenants and slowly but surely improving values.

The goal is to acquire our next property, hopefully a flip, at the end of the year. So right now, I'm trying to save as much capital as possible, and absorb as much info as possible. Long term, I'm thinking a mix of rehabs and spec builds, but am open to a few rentals, depending on what the market dictates at the time. 

Looking forward to participating with you all-

Hi Jimmie, and welcome to BP.  I'm also in Auburn, and just bought my first rental.  Would love to get with you and talk about real estate sometime.  I'm looking for my second property, but need to short up my funds first, since the purchase of that rental depleted my bank account a bit!

Helen Kirk

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