All Forum Posts by: Angel Miranda

 Thanks Chris. The plan is to move out and rent the whole house. The addition of the room was to increase the value of the house. 

 Thanks Eliot. According to Fort bend county website, only constructions larger than 100 sqft needs a permit. But I will do a more digging, would love to hear from someone that's more familiar with the county. 

Greetings, got a few questions for local investors/real estate agents in the area. I thinking adding a room on the house I'm currently living in but planning on renting it in the coming future. The room would be approximately 10' by 8' so according to Fort bend county I should not need a permit for this. My plan is to advertise the room as a study/office. Its there a minimum sqft to be able to call a room? Do I need to get a new survey of the house? Does the mortgage company needs to be aware of it? How about the Insurance? The least thing I want is to run into legal problems later or be force to take it all apart the construction will be quite expensive.

Thanks Jay. Yeah the plan is to use the money to fix it up and pay it all back after refi. 

Hello BP, new member here. I'm looking to start my Real estate investment portfolio, but I'm a bit conflicted on how to get it going. I have a good amount of equity built-up on my home right now, but I'm a little hesitant to cash it out due to high interest rate at this moment. I'm locked-in to a 2.25% and a very good and affordable mortgage payment. I'm looking for a BRRRR property and I probably have enough money for down payment; however, I will not have enough for the repairs. I'm leaning more towards a HELOC what are your thoughts?