All Forum Posts by: Marco Solis
Marco Solis has started 1 posts and replied 3 times.
Drew,
That is a lot of good questions.
I have already purchased a lot of the finishes. When I purchased the finishes and the property, my intent was to sell. Prior to purchasing this investment, I was hesitant about getting into real estate. I was all about it, then I would get cold feet and not do anything. Earlier this year, I decided I would take a chance and pulled money from my savings and purchased this investment. I like the thought of receiving money every month with a rental and would like to grow my portfolio.
As far as renting in the local market, I am unsure where to get that data.
Moe,
I would like to get $2,000, but I will need to do more research on market conditions once all the renovations are complete.
Hello,
I recently purchased my first investment property. This is my fourth house purchase, but the previous ones I renovated to live in. I paid cash for this property. I will have approximately $200,000 invested when it is complete. Similar homes in the area are selling for $270,000. I would like to end up generating "passive" income by renting, but not sure if I should sell this property to invest in a multifamily or rent, take out a loan on this to purchase the multifamily. Any advice would be appreciated.