Updated over 2 years ago on . Most recent reply
House hacking in dallas
I have carport that I want to enclose and convert into a apartment. Rough estimate is 30 to 50k investment to have it be liveable. Was wanting to try and get a heloc as the property has a 2.9 intrest rate and want to keep it at that instead of refinancing. Property now worth around 304k and purchased in 2021 and have 160k left on mortgage. So I know I have a decent amount of equity. Just wanted to get pointers or guidance to see if it will be a wise investment. Or things I should look out for.