All Forum Posts by: Megan Bowen

Zillow's rent estimate is $1749/mo. I have thought about either HELCO or refinancing as well, which do you like and why?

Thanks for your feedback! Yes, I am living at the house currently. I never really wanted to stay here after his passing and quite honestly it's been longer than I intended.  Moving away has always been my goal. When you mentioned a duplex for my next home/investment, are you meaning like a house hacking approach? I have thought about that too... living there for a year or so, then moving, repeating, etc.

What qualities should I be looking at when choosing a realtor? I guess I should rephrase and call my "realtor friend" more of an acquaintance, so no hard feelings If I didn't choose her.  She was just one of the few people from my Facebook friends that are into real estate and that I knew a little more personally than the others.

The property has naturally appreciated over 200% since it was last bought in the 90's. I don't know if that is a lot in other cities but it seems like a lot to me? I have seen a lot of growth in the town and specifically on the side of the town where the property is. That is mainly why I like the idea of holding on to it. 

And can you explain to me how selling it would be virtually tax free?

Hello all! 

Newbie here and I am in need of some advice and guidance. My current residence (3bds 3ba) was an inheritance from my father.  The property is paid off and probate is finally over. Originally I had wanted to use it as a LTR but am now considering selling it as that would fund more real estate investment opportunities ( according to my realtor friend it should sell for approximately $237,000). It needs some updates and minor repairs and I have $30,000 personally I am willing to put into if it makes sense financially to do so. Math and numbers are not my strong suit, so can someone help me figure out which option of the two makes more sense?