All Forum Posts by: Lu Cynda

Hello @Darius Kellar

Thanks for your response, I had mortgage company come out to do an appraisal to get rid of the PMI, it appraised at $240K that was a little over a year ago. This home is one of the highest priced on this street. So, I see what you are saying, even if I put more into it the home what is my goal of value, considering everything else. I was just thinking to make it rent ready so I can charge top dollar for rent.

Thanks again for giving me another way to look at the scenario. 

Hello @Andrew Davis

Thank you for your response.

About 60K in equity, which I was planning on using some of to redo flooring, toilets, paint, etc.

I would like to rent for about $2,500. Mortgage is about $1,100

Thank you, so I need to figure out the total cost for updates to see if I will have cash flow! Got it :)

Hello,

Does it make sense to use BRRRR method if I have a HELOC out on my first home? I'm doing repairs and improvements while living in the home.

I've had some set backs, but my ultimate goal is to get my first home rent ready. Then get it rented out and managed by a property management company. 

Any feedback or suggestions are truly welcomed. Thanks take care. 

Hello,

I inquired to 3 property management companies in ABQ but Keller Williams Realty was the only one to reach back out to me. They provided me with sample contracts and pricing. 

I'm a newbie and have been working on getting my townhouse rent ready by the end of the year.