All Forum Posts by: Savannah Watkins

@Marci Stein that’s definitely my top choice! I’m just wondering if it will sell because of the virus and people not really buying in my area right now

@Joe Homs yes, sorry I neglected to mention that. It was my primary residence so my plan was to sell, get my money back to reinvest into my next residence then take the profit to invest into real estate rentals. 
My fear is it won’t sell this year, and I will have been coming out of pocket to upkeep a place I’m not even living in when I could have been gaining equity while also making a profit waiting for the covid to blow over.

Thank you both for the opinions! This is my first ‘deal’ and also my first home purchase as a primary residence so I’m learning a lot!

I currently own a house I purchased in Jan of 2018, for 92,000 when I got it; it needed serious work and so over the course of the last two years has been completely remodeled and now has a value of around 230k. I moved and listed the house at the end of March, had a contract almost immediately but it ended up falling through due to the buyer not selling their house. Anyway, I haven’t had any offers since then and showings are few and far between due to COVID. My question is this; I’ve had interest from a couple wanting to rent it for a year long lease due to them having just sold their house and needing somewhere to live while they build. I priced the rent at 1200 a month, and they jumped at it. My mortgage payment is 730 so it would definitely be profitable, especially since I could refinance for a lower rate once it isn’t on the market. I know the couple and they are extremely trustworthy, so worrying about good renters isn’t even a concern. 

Mainly looking for opinions here. I REALLY want to sell the house since it was a flip and I hope to make a decent profit, I just don’t want to continue to pay for a house that’s empty, but I’m also concerned I will miss out on a lot of opportunity if I decide to rent it and take it off the market. 

@Matt Millard what’s your opinion of crypto? I’ve been holding since well before the peek in 2017 (🤦🏻‍♀️ should have sold) and have been debating what my next steps will be with my portfolio now that it’s starting to bounce back a little.