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All Forum Posts by: Peter McDonough

Peter McDonough has started 1 posts and replied 164 times.

Post: Real Estate Rookie on the Loose!

Peter McDonoughPosted
  • Rental Property Investor
  • Huntsville, AL
  • Posts 181
  • Votes 136

Post: New Investor looking for connections in Huntsville, AL

Peter McDonoughPosted
  • Rental Property Investor
  • Huntsville, AL
  • Posts 181
  • Votes 136

Hi Blake, I'm a local investor here in Huntsville.

Post: Auction.com purchase fiasco

Peter McDonoughPosted
  • Rental Property Investor
  • Huntsville, AL
  • Posts 181
  • Votes 136

I've never met anyone who has successfully purchased a property from them......

Post: Huntsville real estate

Peter McDonoughPosted
  • Rental Property Investor
  • Huntsville, AL
  • Posts 181
  • Votes 136

Found a realtor yet?

Post: 38511 Zipcode in Huntsville

Peter McDonoughPosted
  • Rental Property Investor
  • Huntsville, AL
  • Posts 181
  • Votes 136
Originally posted by @Rebecca P.:

I have 2 in the 35811 N of 565/72. I think it's pretty great compared to other areas of affordable housing. And I think it's only getting better. I've noticed a lot of our houses are close to a major investor in our area- Conrex. If you search the tax map you can locate a map of the houses they own, you can see a pattern. Those are the areas we invest in as well. They just have a ton of more houses than we do! 

Huntsville does not have a crime map like other major cities. I wish we did.

How are you searching the taxmap?

Post: Great Opportunity...Looking for the funds.

Peter McDonoughPosted
  • Rental Property Investor
  • Huntsville, AL
  • Posts 181
  • Votes 136

The McVay property likely won't rent for >700 a side.  At 130k, it's not that great of deal....

Post: Looking to make first investment on 4plex! HELP

Peter McDonoughPosted
  • Rental Property Investor
  • Huntsville, AL
  • Posts 181
  • Votes 136
Originally posted by @Cody Martin:

Shockingly these are already under contract. 

 lol which Californian here is paying 275k for one of those 4plexes in Ascent Trail?

Post: Buying a bank owned SFH with foundation issues

Peter McDonoughPosted
  • Rental Property Investor
  • Huntsville, AL
  • Posts 181
  • Votes 136

Oh man is that the house off Mountain Gap with all the wallpaper?  It needs a toooon of foundation work.  Estimate a pier per crack, 3-3.5k per pier.  Then, once the houses is jacked back into to place, you'll need to fix all the now cracked drywall and potential plumbing leaks.  

Post: To refi or not to refi

Peter McDonoughPosted
  • Rental Property Investor
  • Huntsville, AL
  • Posts 181
  • Votes 136

Just contacted Guaranteed rate, they aren't getting anywhere close to the rates you've stated.  I would double check on the quote you've been provided.  Mortgage fraud is a serious crime.

Post: Private Lenders in TN

Peter McDonoughPosted
  • Rental Property Investor
  • Huntsville, AL
  • Posts 181
  • Votes 136

Any idea on rates/closing costs?  Is it an agency loan?