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Updated about 7 years ago on . Most recent reply

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Kenny Keating
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my first house flip, help!

Kenny Keating
Posted

so i'm leveraging my rental property's equity to produce a 5% down payment on a second home.  I have 40,000$ in equity in the rental house and the second house i am looking at is going for 224,000. my real estate agent says it can go on the market for 300,000 with the right cosmetics. I'm skeptical, the other houses he has shown me sold for 285,000- 300,000 looked alot better, plus they had a garage and this one didnt.  They are taking offers in 4 days. could i post the pictures and others sold on the market and get some advice?

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