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Updated 5 months ago on . Most recent reply

Tyler Tomas's profile image
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Tyler Tomas
  • Member since Oct 8, 2024
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Tyler Tomas
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Tyler Tomas
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Starting Out

I have 1 rental unit. I Want to rehab it, re rent it and buy another. How?!?!

Tyler Tomas
Posted

Hi! I’m sure this is an easy one but I am new to this strategy. I currently have a rental with a tenant. I started leasing to her about 9 years ago and the rent rate is way underpriced based on the market. I did a walk through this weekend and the house is in bad shape. I want the tenants out so I can rehab and take out a heloc to buy another. Any advice on what I should do next? I can provide more details if needed. Thanks so much, very excited about this strategy!

Huntsville, Alabama
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Caleb Brown's profile image
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Caleb Brown
  • Real Estate Agent
  • from Kansas City
  • Member since Sep 18, 2018
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Caleb Brown's profile image
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Caleb Brown
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  • from Kansas City
  • Member since Sep 18, 2018
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Caleb Brown
  • Real Estate Agent
  • Kansas City
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Caleb Brown
  • Real Estate Agent
  • Kansas City
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Do you owe on it or is it owned free and clear? The easiest would be to have the tenant vacate, rehab and do a cash out refi

  • Caleb Brown
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