All Forum Posts by: Jiminia Rhymes

Thanks!

Hello, Id like to know how everyone handles rental property inspections. Are you getting all properties that interest you inspected professionally, or do you know you're buying the property so the inspection is just for your information? How should I handle inspecting properties? 

Thanks!

Hello, first time rental property purchaser here. If I have about $20,000 to spend should I attempt to cash purchase a renter ready home (it will probably need something done before I rent it out) that is selling for around $15000, or would it be more beneficial to get a mortgage on a $37,000 renter ready home (may need something done before I rent it out) rent it, pull the equity and buy my next property? Best option?

Thanks so much that was very helpful!!

Hope this is not a silly question, but can you pull equity out of a home that has a mortgage? I was told by a real estate agent that you cannot. If I purchase a property with a loan but I'm paying a mortgage, can I pull equity out of that property? 

Hello I'm Jiminia and I'm new to real estate investing. I'm just looking to learn everything I can to see if I can do it successfully.