Skip to content
Real Estate Deal Analysis & Advice

User Stats

9
Posts
3
Votes
Linda Hart
  • Fort Worth, TX
3
Votes |
9
Posts

Bought my first property! Need help on what's next!

Linda Hart
  • Fort Worth, TX
Posted Oct 16 2014, 07:02

Ok, folks I just decided to DO IT and quit talking about it.  I bought the house for 30K and plan to rent it for around 600$ a month but it is need of some serious repairs.  What repair do you start with first?   The roof had a tree fall onto it, and subsequently the house has water damage and mold.   There is alot of information on this site, but thought I would ask a simple step by step on what repairs go before the others.  My plan was to start with the roof and the mold because I think that is the main problem, also wouldn't want to repair floors and sheetrock if the roof isn't fixed, right?  Just looking for a quick run down of the process and steps to fix it.  This property was bought "ASIS"  and I paid cash, so there is no inspections, etc.  Should I get an inspection, etc?  Any help is greatly appreciated. 

Loading replies...