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Updated about 2 years ago on . Most recent reply

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Jesus Casas
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Jesus Casas TXNM

Jesus Casas
Posted

Hello David. Jesus here and I’m looking into getting started as a new buy and hold investor and begin building my portfolio. My wife and I bought our first home through usda about 5 yrs ago. We have done lots of upgrades from solar panels, installing water filtration system, upgraded the backyard, turned garage into a home gym. Which I believe would be a great starter rental property if not a great airbnb given it’s in a great location, corner home and lots of amusement activities in the surrounding area. But we are a bit lost on where to begin. Do we get out of the usda loan first? Do i switch over to a conventional loan? Fixed or adjustable or Do I have the home re-appraised then proceed? If you can please provide some guidance that would be of great help. Thanks you!

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