Rentals In Carolina

  OK, so who takes their built-ins with them when they move?! These people apparently... The holes left in the wall and flooring were one of the things that the bank had a fit about on the appraisal. The appraiser noted the holes in the wall and "uneven" flooring (it was some hideous cork tile that was curling up at the edges), and the bank had to do some special thinking to decide if they could lend. Since the lender (Nationstar/Mr. Cooper) also owned the property, I guess they decided it was OK since they wanted to get it sold. . This was a really fun project to patch and paint the walls, then install new trim to match up with the rest of the room where the trim just stopped where the built ins used to be. I discovered that my tiny car is just big enough to fit 8' sticks of trim. (My poor little car that I am still abusing with my reno project supplies 5 years later.) . This living room is my favorite of all my houses, and it's what makes me so sad that I don't ...

  So during our first year of marriage, Matt and I decide we should probably try to buy a house to renovate and rent out. Somehow, I talked him into this. I had about $10k saved and he had about $20k, so we called up our realtor and started looking at properties in the $30k range. Of course these were all terrible. Our realtor suggested we use our money for a downpayment to finance the purchase of a rental. Somehow, this had not really occurred to me, or I didn't think a bank would give a loan on a rental. 🤷‍♀️ . After switching gears on my search, I found this cute house on Xome.com (HomeSearch.com back then in 2015). My realtor took me for a tour and explained the online bidding site. I did some research on the site as well - sometimes you can be bidding against a robot up until the reserve price. So the auction time came and I started bidding. Eventually the robot stopped outbidding me even though I had not reached the reserve. I won that auction below reserve price. . When fin...

  So here's a quick snapshot of how my monthly profits have grown over time. We spent all of 2017 working on a flip house in order to get some immediate profit to use for downpayments to fund future deals. In 2019 we added two houses which pumped up the earnings a lot. I'm still hoping for more houses in 2020 🤞 to make that line go up even more.

  So after living in my townhouse for 4 years (at least 3 years was required by the First Time Homebuyer Tax Credit), I was moving out. I got married in May, and after the honeymoon it was time to move into our new house. . I had a gone through a couple promotions at work, and was now working in Capital Improvements at the Housing Authority. One of my work assignments had been renovating and then helping lease out a handful of townhomes. I learned SO MUCH that I was able to turn around and immediately apply to setting up my LLC and listing my rental. . After 4 years, my carpet was shot. So I got my first experience laying floors with some  @pergofloors  laminate that my husband Matt and I installed. I also had some new carpet put in upstairs from  @loweshomeimprovement  and refreshed the interior paint. . So with my 3.5% downpayment on my FHA loan of $3321 + $1900 in renovation costs = $5221 spent. (I don't really count my costs while living there because I had ...

    My FIRST home!! In early 2010, I had only been working full time for just over 6 months when I started house shopping. I was looking for my primary home, but I wanted something that had rental potential in the future. . I was working at the Housing Authority, in the Section 8 department. I had finished grad school during the recession, and jobs were scarce. I was lucky to get a full-time position where I had been interning. Starting pay was just over $30k. Yes, with a BA in Architecture and an MPA. I originally saw the job as a waste of time... but I owe a lot to that job. Part of my job was pulling deeds to prove landlords owned the homes they were renting. I saw houses they bought for $30k and rented for $900/month, and I thought -- Why not me? Shouldn't I be making this money too? . I bought this new construction townhome about 7 minutes from where I grew up. It cost $94,900. I put 3.5% down with an FHA loan, so it cost me $3,322 to buy this home since the builder paid ...

   Hi, I'm Nicole. 👋 I'm pretty excited about the progress I've made with my rental business lately, and I wanted to document my journey. I plan to share the stories of each of my houses, the financials, and some data on my progress over time. . I bought my first home in 2010 during my first year of full-time employment. 9 years later I was "retiring" at the age of 34. Houses have changed my life, and rentals are my passion. Maybe someone out there can use some of the insights I've gained over the years. So here's my little rental blog. 🏠🏠🏠🏠🏠🏠 [Pictured here: closing day on my 6th house while on maternity leave] #incomeproperty #brrrr #brrrrstrategy #realestateinvestor #buyandhold #fliptorent #biggerpockets