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Updated 4 months ago,
I have 1 rental unit. I Want to rehab it, re rent it and buy another. How?!?!
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!