All Forum Posts by: Matthew Watson

@Chris Egan Message sent on zillow

(1) Stillmeadows (North central)

(2) SFD

(3) $1,250

(4) $85,000 +$8,500 Rehab

(5) 1.3%

This property cashflows pretty well and is still quite a bit less than the 2% rule. Better percentages can be found pretty easily, but from my experience, you typically need to venture into the rougher parts of town to get them. I personally would rather have a little lower ratio and not have to deal with the headaches other properties can bring. 

@Jason Crow

@Jason Crow I'm in the process of getting a HELOC set up as well for investment purposes. Any update on how this has worked for you so far?

@Jenessa NeSmith Looks like im a litte late to the thread. Did you end up settling on a contractor? If not, I have a great contractor who is reasonable. He is finishing a full rehab for me right now. Send me a PM if you would like his contact info.

PM sent