All Forum Posts by: Pravalika Gokulakonda

@Jonathan thanks for reply I know we can't rent single family house and get rent $5k. Very few houses are between 500k-600k. I think rehab and selling doesn't give any profit.

Hello..! need suggestion. I was interested on single family home in (9/10) good school district in center NJ $540k, 4beds and 21/2 baths with basement(full finished, no walk out level) nice backyard. very small updates need to be done like paints, lights replacement..bedrooms are on upper level, main level has big eat-in kitchen, powder room, nice living room, less taxes. Even though I liked the property I don't want to live there but thinking to make investment property. What can I do here, buy and live in, or buy and do rehab then sell, do rent by room. There is a address here please have a look and there is a solar on roof (address: 46 Ludlow Ave Belle Mead NJ ). Please any suggestions appreciate the help thank you.

@Tescia Evans its a good profit. lets say sell the house get $800k($400k profit) try to split 400k so you can invest on 2 single family like($500k just an example) houses like downpayment($100k on each house, if you have W2 job you can take loan) for rent. If the property value increases either sell or rent it, but the thing is you have 2 properties here. Try to analyze about this.

Thank you so much for welcome. Yes, it was pleasure to be a part of BP tons of info about the real estate to learn.

Thanks @Account Closed sure if I come up with any I'll

Hi,

I'm Pravalika glad to join here. I live in NJ Somerset county. I'm a rookie investor and looking to connect new people and learn more and build wealth. My goal is to invest on multifamily and storage unit.