All Forum Posts by: Kim Horn

Go back in time. Remember the first deal you were excited about. How did you overcome the fear of failure and take that big step? What thought process did you use to take that step? For most, fear stops them. I do not want to be THAT person!! Any insight would be helpful! How did you do it?? 

My husband and I have a parcel of bare, unimproved land in South Carolina for sale and a potential buyer is asking is we would consider owner financing. What are the benefits and potential downsides to this?   

What can I do as a real estate investor to be the best client for a contractor? I will be the first to say that I do NOT know the ins & outs of construction. How do I NOT be a pain in the backside for a contractor? I want the GC to feel good about working on my projects. Are there things to avoid doing?    

   Hi @Mindy Jensen. The house in question has been on the market for around 190 days.  The second house in the back had someone back into the front and did damage to the kitchen wall and the seller is entertaining cash offers only. I agree that it may be more that I can handle as a first project. I will call around and see what lead abatement entities say. 

Have not yet made a purchase. However, my husband and I have toured several homes and found one that shows a lot of potential. It was built in 1900 and has lots of character that just needs to shine through the decades of love. The problem is that the house likely has lead paint on the exterior and the interior and the exterior is peeling badly. The asking price is $133,900. The ARV according the our agent is $250K. I have read that abatement for lead can be in the $10's of thousands. It is a two story home (1450 SF) with 3 bedrooms 1 bath with a full unfinished basement and a small house 1b/1b with a full kitchen out in the back that could be used as an income generator for the new home owner. We are worried that lead paint that is in bad shape might be a deal breaker for our budget. Does anyone have any insight on the cost of dealing with lead paint and does the federal government offer grants to help with the costs? Or maybe the state (Oregon)?