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All Forum Posts by: Jordan Woolf

Jordan Woolf has started 13 posts and replied 109 times.

Post: Funeral Home Booklet Ad

Jordan WoolfPosted
  • Flipper/Rehabber
  • Huntsville, AL
  • Posts 115
  • Votes 57

I was approached from a media company to place an ad in a booklet for a funeral home. I was just curious if anyone has ever tried this?

The booklet walks families through the funeral process and has ads on every other page.

Post: Who paints their entire inside of their house the same color?

Jordan WoolfPosted
  • Flipper/Rehabber
  • Huntsville, AL
  • Posts 115
  • Votes 57

@Joe S. We just did white on the ceilings and I sprayed everything else with satin Swiss coffee. I used a 3 foot spray shield and only taped off doors we did not want to spray. I used Behr marquee and it covered everything with 1 coat just fine. The only thing to consider is painting over a high gloss finish with a less glossy finish. We got around this by rubbing the trim down with ammonia.

Post: How much does painting a 1100 sq ft house cost?

Jordan WoolfPosted
  • Flipper/Rehabber
  • Huntsville, AL
  • Posts 115
  • Votes 57

@Babu Ramadoss Home Depot will install LVP for $2.50 a sq ft and my painter charges $1 per sq ft a coat.

Post: Ethics Around Reducing Tax Liability

Jordan WoolfPosted
  • Flipper/Rehabber
  • Huntsville, AL
  • Posts 115
  • Votes 57

@Hank Olken tax breaks were created to motivate people to use them not because the government wants less money. The idea is that whatever the tax break is for, it is better for the economy than whatever tax is being paid. I.e. bringing sub par housing up to date is easier for you to do than for the government to do.

Post: Refi primary residence for investment for payment

Jordan WoolfPosted
  • Flipper/Rehabber
  • Huntsville, AL
  • Posts 115
  • Votes 57

@Sean Starkey it was 4.25% and it was a variable rate. I will pay the heloc off once I refinance the property.

Post: Refi primary residence for investment for payment

Jordan WoolfPosted
  • Flipper/Rehabber
  • Huntsville, AL
  • Posts 115
  • Votes 57

@Sean Starkey I have used a heloc from my primary residence to finance the down payment on a flip and I am about to do it again for a BRRR. With the heloc route I was able to access more of my equity vs refinancing.

Post: Who knows Huntsville Alabama ???

Jordan WoolfPosted
  • Flipper/Rehabber
  • Huntsville, AL
  • Posts 115
  • Votes 57

No hype, the data is driven by the job market and lack of housing supply.

Post: Drop out of college and spend my fund, or stay?

Jordan WoolfPosted
  • Flipper/Rehabber
  • Huntsville, AL
  • Posts 115
  • Votes 57

@Payson Scott I would take the money and house hack a multi family property while you are in college. Get loans for school that you can pay back after you graduate. If you do it right you would only need loans for the cost of tuition and your housing cost would be free if not close to it.

Post: How did David Greene increase BRRRR Frequency?

Jordan WoolfPosted
  • Flipper/Rehabber
  • Huntsville, AL
  • Posts 115
  • Votes 57

@Michael Cross instead of using HML use a local bank when possible. Most commercial products I have came across allow you to refinance after rehab is complete. The only drawback would be lower cash flow because you could more than likely only refinance into a 20 year mortgage.

Post: Best cashflow rental property cities for buying duplex in 2021

Jordan WoolfPosted
  • Flipper/Rehabber
  • Huntsville, AL
  • Posts 115
  • Votes 57

Hi @Artur A., I have been finding quads in Huntsville and the surrounding areas for under $300,000. I don’t come across a lot if duplexes. Huntsville is a strong market with a lot of job growth and I would definitely recommend looking into it a bit more.