All Forum Posts by: Sophia Coleman

Hello Investors! I went to check out my first potential investment property.

Priced at $22.8, 3Flat, 2bd-1ba,

Need work, all 3 apartments have the exact layout. I see potential, but I want my first investment to have more space for potential families.

Should I purchase the property and Flip it or just let it go and look at something else? What’s your thoughts??

I also have videos, that I don’t mind sharing!

@Mitch Holmes III I was literally discussing this with another realtor. I will definitely look into this. 

But I wouldn’t want to practice with this being my first investment. 

@Steven Foster Wilson Thank you! I will definitely post pictures and etc. 

@Jorge Roman Thanks Jorge, I would love to look into your referrals. 

@Steven Foster Wilson Thanks for the insight on the cost, yes I’m looking into a 3 flat, 6bd 3ba. I will be looking at the property this weekend and pray the outcome is within my best interest.  

When completing a renovation, how much would you suggest paying for

1.Electrical

2.Plumbing

3. HVAC

Can someone suggest cost of what I should pay for each or a total price.

@Mitch Holmes III I’m looking to purchase a 3 flat next month and I hope and pray I obtain great tenants.

I would set up a meeting with both tenants and settle it like adults, at the end of the day 9 times out of 10 their renting because they don’t want to purchase a home or can’t afford to.

That’s your property and if they can’t come up with a solution then that’s when you put something into place in writing and have all tenants sign off on your agreement. But please put everything in WRITING!!!

Property management for??? To dish out extra money...

Good luck on your outcome!

@Kiersten Vogt I thought everything transfers, am I missing something here?

@Cameron Riley I'm reading on Bigger Pockets everyday learning. I'm in the process of my first BRRRR but I'm still looking and searching for a great mentor.

@Nicholas Knaebel Congratulations 🎉 you got this. I’ve been doing my research as well building my credit and etc. I’m scared as well but we cannot let that fear take over! MIND OVER MATTER🙌🏽