All Forum Posts by: Josh Hall

 Thanks!

I would be fine without the cash for a few months. However, I am looking to purchase another property to live in within the year and would need cash for the down payment and renovations of that property. Would you then pull out a HELOC to fund this?

Hey everyone,

I am looking for opinions on the best strategy for my future plans.

I currently have around $100k in my home equity and $20k in personal savings. My plan is to renovate my current home, turn it into a rental, and purchase another property to live in for a few years, likely a fixer-upper.

My current home needs around $25k in renovations before it's rent ready. Should I pull out a HELOC in order to pay for the renovations, then use my personal savings for the down payment and renovations on the next property? Or should I use most of my personal savings to fund my current home renovations, then pull out a HELOC to fund the down payment and renovations of the next home I purchase?

I want to make sure I approach this in the smartest and wisest way possible.

Thanks! 

Hey everyone,

What color schemes are you going with in your rentals? I had decided on white kitchen cabinets with light grey LVP flooring, but the more I read, the more I'm seeing comments about grey LVP flooring going out of style... I do still like the white cabinet look with SS appliances, but what color LVP flooring are you guys going with?

Thank you, Alecia!

 Hi Luke,

Did your property lack ground wiring, and did you choose to rewire it?

Thank you, James!

This home is a one level home with a tall crawl space beneath. With that being said, would it drive the cost down to rewire since there is easy access below?

Hey everyone,

I'm getting ready to rehab a property I own in Virginia. It's a 3 bed,1bath brick home with a garage. I would probably classify it as a low B / high C property. With the home being built in the 1950s, there is no ground for the outlets. Most of the outlets are only two prong, but the kitchen does have 3 prong outlets for the appliances. My question is, would it be worth it to have wiring re-done or should I just install GFCI outlets in the kitchen/bathroom? All help is greatly appreciated!

Thanks!

Hey guys,

Where do you purchase your LVP flooring?

I would say B.

Hey guys,

I am about renovate my current home in preparation to start renting it out, once I purchase a new home. What kind of cabinets are you using in your rental properties, and what color are you painting them? What kind of countertops are best? And lastly, what kind of flooring are you installing in your kitchens?

Thanks so much!