Posted by Shawn on October 25, 1998 at 21:33:48:
Thanks for the info on the refinancing. I take seasoning to mean time?
Here are some of the details on the property-
The home is a 2 bed, 1 bath, single family fixer-upper priced at about 30% below market value. At a minimum it needs a new roof, a little sheet rock repair here and there, paint, and carpet. To make it look real nice - siding, CH&A, and a little remodeling in the kitchen and bathroom. Repair range is $3500-8500. Profit range could be anywhere from $3000-$6000 if I turn around and sold it again.
I haven’t decided for sure if I want to rent it out or sell it. If I rented, I could net $150+ a month. However, I’ve never been a landlord before.