All Forum Posts by: Holly Harvey
Holly Harvey has started 4 posts and replied 5 times.
Thank you so much!
Hey everyone,
I'm new here, but I think I may have stumbled upon a potentially interesting deal. I found a VA foreclosure property that is listed about 35% below the houses surrounding it. It's listed at $157K and the houses of similar size around are valued (according to Zillow) around $240K. Per the photos, it needs a decent amount of work (new carpet, kitchen appliances, new paint, looks like one of the bathrooms needs a vanity and toilet, etc). I don't yet have the skills to analyze rehab costs accurately. I don't want to use that as an excuse to not look into it, but I also don't want to get myself into a money pit for a first deal. Does anyone have advice on how to gather and analyze additional information, what questions to ask, and what next steps to take from here? Thanks so much!
Post: Analyzing if a rough rehab will cash flow
- Posts 5
- Votes 4
Hey everyone,
I'm new here, but I think I may have stumbled upon a potentially interesting deal. I found a VA foreclosure property that is listed about 35% below the houses surrounding it. It's listed at $157K and the houses of similar size around are valued (according to Zillow) around $240K. Per the photos, it needs a decent amount of work (new carpet, kitchen appliances, new paint, looks like one of the bathrooms needs a vanity and toilet, etc). I don't yet have the skills to analyze rehab costs accurately. I don't want to use that as an excuse to not look into it, but I also don't want to get myself into a money pit for a first deal. Does anyone have advice on how to gather and analyze additional information, what questions to ask, and what next steps to take from here? Thanks so much!
Post: Analyzing if a rough rehab will cash flow
- Posts 5
- Votes 4
Hey everyone,
I'm new here, but I think I may have stumbled upon a potentially interesting deal. I found a VA foreclosure property that is listed about 35% below the houses surrounding it. It's listed at $157K and the houses of similar size around are valued (according to zillow) around $240K. Per the photos, it needs a decent amount of work (new carpet, kitchen appliances, new paint, looks like one of the bathrooms needs a vanity and toilet, etc). I don't yet have the skills to analyze rehab costs accurately. I don't want to use that as an excuse to not look into it, but I also don't want to get myself into a money pit for a first deal. Does anyone have advice on how to gather and analyze additional information, what questions to ask, and what next steps to take from here? Thanks so much!
Hello all! I'm just beginning to learn about real estate investing and will be moving to Columbia, MD within the next two months. My partner and I will be closing on our first home, hopefully, by the end of the month. I'm looking for a buy and hold investment property to generate monthly income to offset the concerningly high mortgage payment (thank you interest rates). I don't have much in savings so I'm trying to utilize one of the strategies in Brandon's book "Investing in Real Estate with No 9and Low) Money Down." I thought about looking in Baltimore for cheaper options, but per my research, Baltimore's yoy population is decreasing and I'm weary about finding tenants. If there are any experienced folks who have any advice on where to look to get started, it'd be much appreciated.