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17
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7
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Antoinette Munroe
  • Rental Property Investor
  • Orlando, FL
7
Votes |
17
Posts

Should I build or buy my first rental

Antoinette Munroe
  • Rental Property Investor
  • Orlando, FL
Posted

I recently purchased and rehabbed my first property (a 2/1 SF in a great area). My initial intention was to use a HELOC to add a 1/1rental by closing in the carport and screened porch. This addition is designed as a completely separate unit however it can easily flow into the existing house, creating a 3/2 with minimal work if needed. I thought this was a solid plan but have been wondering if it is better to use the Heloc to buy a separate rental property vs. building that "rental" addition.

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