Updated over 8 years ago on . Most recent reply
What should be my next move?
Finally, I found a property that was in my budget and located in a good neighborhood.
After negotiation,I made the final offer on this property which eventually got accepted and the transaction is currently in its closing phase. (Closing date: 02 June)
I financed this property with an IHDA loan & received downpayment assistance(1st home buyer) as well.
The condo is a spacious 2 bed and 2 bath with an open dining area. I have decided to live in one of the rooms while renting out the others for at least a year so as to use the grant.
I am planning to convert the open dining area into another bedroom making it 3bed 2 bath condo.
Questions:
1. Can you guys refer any good contractors for this job?
2. What should be my strategy for the current month?
3. How can i rent out the other rooms? Do i need any legal lease/ document to do this?
4. Any other feedback/suggestion ?