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All Forum Posts by: Mark Hinkley

Mark Hinkley has started 2 posts and replied 3 times.

Post: First Time Property Flip

Mark HinkleyPosted
  • Flipper/Rehabber
  • Maine
  • Posts 3
  • Votes 1

@Marlen Weber Thanks!

Post: First Residential Multi Unit

Mark HinkleyPosted
  • Flipper/Rehabber
  • Maine
  • Posts 3
  • Votes 1

I'm in the process of purchasing a 4 unit apartment building in central Maine. The sale price is 215k and NOI of 24k annually. I will be purchasing with a conventional mortgage which requires 25 percent down. Looking for feedback as this is my first investment rental property. I've been a remodeling contractor for over a decade and have flipped 3 houses.

Post: First Time Property Flip

Mark HinkleyPosted
  • Flipper/Rehabber
  • Maine
  • Posts 3
  • Votes 1

Investment Info:

Single-family residence fix & flip investment in Randolph.

Purchase price: $70,000
Cash invested: $40,000
Sale price: $200,000

Single family home purchased at auction and renovated.