All Forum Posts by: Megan Smock

Starting an LLC for an investment property, but not sure what address to use. Do you recommend using your personal address? P.O. Box? We currently do not have a property yet so using the address of the rental would not work. Looking for some recommendations, thanks!!

@Adam Mittermeier how do you get a rough  idea of the cost of the repairs/rehab? 

Are licensed general contractors usually willing to walk through a home with you even if you are not under contract nor own the property yet? I can see the benefits of getting a rough estimate on the cost it would take to repair the house, but not sure what they have in the deal if the repairs are too high and we did not buy the property. 

@Ralph DiBugnara Thank you! Yes, we have. The only comps that they could find had 3 bedrooms. There was 1 or 2 homes that I could find on zillow previously sold that was comparable to the house I am looking at currently.

@Wayne Xie good points. Thanks!

Hi @Gail K. , unfortunately we do not know as to why the ceilings are so short. The main level is a normal height, just the 2 bedrooms upstairs along with the bathroom. I don't believe the ceilings can be raised, the second floor ceiling is basically already the roof or attic of the house. My husband a little over 6 feet has to duck to get through the doors upstairs, which raised some concern for us especially being the first flip. Thanks for your feedback!

Hi! I'm new to real estate and starting to look for my first house flip. I recently looked at a property that looks good and checks all the boxes other than the ceilings on the second level of the home being very short. I am worried the home will be hard to sell once renovated. Do short ceilings cause conflicts for people purchasing the home? should I shy away from this one?