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Updated almost 10 years ago,
New to BP, just started looking for my first rental property.
Hello all, my name is Alonzo from San Antonio, TX.
I am currently crunching numbers to see what makes most sense for the following 2 scenarios:
1. Stay in my current home and buy a comparable or smaller home with great rental potential.
vs.
2. Rent out my current home and move into a slightly larger home (which will eventually become my 2nd rental).
I'm crunching numbers for the following:
- What to charge for rents in my area based off comps and Gross Rent Multiplier
- Use a Rental Mgmt Co. or do it myself (Just read this great book).
- I don't have my real estate license so I'll have to use an agent to for MLS research.
Any advice or encouragement is welcomed.
-Alonzo