All Forum Posts by: Daryn Barnes

Daryn B

Last fall we purchased a house built in 1915 that needed a lot of work.   New floors, new roof, new AC unit, all walls needed updating, ect.  We purchased it using hard money because the bank wouldn't even look at it.  We fixed it up and then got it rented.  We were able to take the equity in the home and purchase the house next door without putting any of our money in.  We have that property rented now and we were able to refinance the properties with a local bank after and now are making good cash flow.  I am looking for another fixer upper but they are hard to find.  As expensive as property is now, it's  about the best way I have found to get in the game.