All Forum Posts by: Amber Turner

@Zach Lemaster great! Thank you! Yes, my husband Bryan and I share the biggerpockets account. The aol email is Bryan's email. 

@Zach Lemaster [email protected] thank you

Hi Zach,

Please send details on the seller financing.

Thanks!

Thank you everyone! The flip went pending two days after we put it on the market under a USDA loan. Thanks again for all the helpful info! @Chris Mason @Ham Merritt @Daniel Roca

@Chris Mason Thanks so much! I am glad there is a way around it. I wasn't aware of the program. It is a little frustrating sometimes being an investor with all the regulations/taxes the government likes to apply. We would love some fliers if you don't mind! 

Thanks again! 

Amber Turner 

Hello BP community,

My husband and I (well mostly husband 😀), will be finished renovating a home we purchased in California, in a few days. We have owned it for about 40 days and are flipping it. From what I have read, in order to go FHA, it has to be 90 days. Is this still correct? We also may be required to do two appraisals. Are there other laws/regulations that we should be aware of?

Thanks so much!

Amber

Installing wasn't bad at all. I actually put most of the cabinets together myself. 

I think it depends on where you live. Where I live, I don't think the market will top out until around 2019-2022 or so. Obviously no ones crystal ball works too well, so I could totally be off. We base it off of the historical data and the real estate cycle in our area and what normally happens around here. My husband and I know that when the Bay Area peaks out and they start moving toward the valley (where I am located), the valley has a little bit longer before it peaks. Also when new construction starts building like crazy is another sign around here. We are in the expansion phase where I live. It is definitely harder to find deals around here though. Below is the historical data 👇:

We did ikea kitchen cabinets in a townhouse my husband owned. We lived in it for about two years and then rented it out for another few years before selling it, and the cabinets held up great. No problems. 

Is there equity in the home? What are your long term goals? Do you want to own more properties? I don't know all the details of your situation, but just because it doesn't cash flow, doesn't mean it is necessarily a bad deal. Some markets are about appreciation and some markets are about cash flow. I am not familiar with your area, but where I live, it isn't a bad thing to not have a property cash flow much because of the appreciation, especially if you plan to hold. You have options, which is nice.