"Steve Barker" wrote in message
...
| Thanks for the reasonable reply. My wife and I live near a town chock
full
| of 80-100 year old house in need of much TLC. Our plan is to add one
rental
| to our collection per year, and try to flip 2 or 3 per year for cash
flow.

I think you watch too much tv.
get out into the real world and forget this "flipping" craze.
even the idiots that host that lame show "flip this house" have many
lawsuits against them and have filed for bankrupsy.
It is not as easy as it seems you know.

do not listen to the man behind the curtain.
it may not even be a man.




| We have no intention of being "slum lords" and have every intention of
| improving these homes and the area they sit in. In fact, I've already
| purchased electrical components to upgrade one we haven't closed on
yet.
| G. I'll check out your website, it looks like we have similar
interests
| and intents.
|
| --
| Steve Barker
|
|
|
| "Kyle" wrote in message
| s.com...
|
| Don't take it personally, Steve; it's that there are so many people
out
| there looking to make a quick buck by purchasing real estate, making
| the bare minimum of repairs, and rent 'em out for top dollar. And
some
| of 'em come in here looking for free advice on complicated issues
| rather than spending a few coins to hire a professional to take care
of
| the problem properly.
|
| I get some of the same looks simply for owning an investment home
which
| my wife and I have fixed up and rent out. Of course, the critics
would
| be/are silent as soon as they see the before and after photos of
what
| we did to the house.
(http://www.chillweb.net/KathyAndKyle/KirkwallCt/)
| Heck, we would have moved into the house and rented out our current
| home (to get off a noisy main street) were it not for the fact the
| investment home doesn't have a fireplace, that's the kind of work we
do.
|
|
|