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Updated about 1 hour ago on . Most recent reply

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14
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8
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Manuel Llanas
8
Votes |
14
Posts

current situation with my 2 Bedroom, 1.5 bathroom Townhouse

Manuel Llanas
Posted

It has been a while, since i've done this. But, i'm currently living in my first home (townhouse). I'm working on the flooring, replacing it with vinyl planks, in the living room. The mortgage is at $972 and some change. With an APR 3.25%. Purchased at $175,000 and it is now down to $155,000. Supposedly, this place is worth around $250,000. I could pull money out from it, but as most will know. This interest rate is AMAZING. So, I'm hesitant on doing anything with it and just saving up my personal income to do small upgrades as best as I can do. Which is a very slow process for me. The location of this place is in an amazing spot in my small hometown. School, clinic, hospital, grocery stores, gas stations. All within walking distance. My goal is to try to fix it up and set it up for renting to travel nurses. But also trying to save up to get a multiplex at my home location. I've been living here for about 5 years now. I do have my VA benefits that I could use. Based on all this information. What would YOU do?

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