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Updated almost 6 years ago on . Most recent reply

User Stats

17
Posts
1
Votes
Aaron Q.
  • Sioux Falls, SD
1
Votes |
17
Posts

Newbie investor trying price rent on my first rental property.

Aaron Q.
  • Sioux Falls, SD
Posted

Hey guys! I am moving and want to turn my current home into a rental property....this is my maiden voyage into investor real estate. A little background; the property was listed with an agent at $200k a week ago but was never verified by a bank at that price. We owe $115k on it currently but are going to refinance it into a 30 yr mortgage at $140k and put the rest down on the next house. How do we begin the process of establishing a rent amount to charge on this? Thank you in advance!

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