All Forum Posts by: Jacqueline Romero

@Khari F.

Q1- 50k

Q2-20K

Q3-4BR 1BA

Yes, I've looked at what properties in the area have sold for and I went with the median number, to keep it more realistic. Yes, 1,200 is in the high end of market rents in this area. 

@Tommy 

@Tommy Ray Thank You so much Tommy, for your advice, I appreciate it, sorry for the late response...I though I would get a notification for when someone replied back.

@Jerry Lucker & @Tommy Ray Thank You gentleman for replying back, I am also very new on the platform, I was under the impression that you could see the property that I am analyzing...Is that the case? I own a house that is already rented and I want to BRRRR and get money out of that house to buy another house for $99,900. The loan amount on my current home is $23,281.00...I think it would take about 30k to fix the house and the ARV would be of $140,000...With the current rental market I think I could get about $1,200 in rent..I am thinking about renting it out or moving into the house myself so I because I am paying $900 in rent...Would it be better if I moved into the house myself..or should I just rent it out? I guess I'm just a little scared of BRRRR in it and potentially losing money on it or it being a mistake. I am very new at this. If there is anything in specific that I am missing in order for you to give me advice please let me know, I am not sure of what more kind of information you would need to know.

If anyone could guide me through what options I could take in order to qualify for this property, I'm partnered up with my mom, but because of differences, I am now looking to go solo and I'm afraid of making the wrong choice and potentially getting myself into something I won't be able to handle. Basically I have a house that I own by myself and I would like to refinance it and buy this property. I am not sure if this is a good enough deal for me to do this and also I am considering buying this house for myself because I am currently renting a house from my mom  for $900 but I would like to save myself the money and just put that towards my mortgage. Could anyone please help me identify which would be the most wise decision and if this is a good deal to start with? Thank You so much!!!