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Montana Real Estate Q&A Discussion Forum
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Updated about 3 years ago on . Most recent reply

User Stats

7
Posts
0
Votes
Isaiah Rosario
  • New to Real Estate
  • New York, NY
0
Votes |
7
Posts

inheriting house in Glendive, MT market

Isaiah Rosario
  • New to Real Estate
  • New York, NY
Posted

Hi, I am inhering a house in Glendive, Montana, and was wondering if anyone has any insight on the market and how much rent goes for? I plan on renting it out if it's in a cash flow market. 

Main floor:

1 bed 

1 bath

Basement:

2 bed 

1 bath

1864 Square feet

Any insight would be helpful as I'm a new investor and not sure how the process works or the best approach to take. Thank you

Most Popular Reply

User Stats

16
Posts
6
Votes
Zach Falk
  • Lender
  • Whitefish, MT
6
Votes |
16
Posts
Zach Falk
  • Lender
  • Whitefish, MT
Replied

@Isaiah Rosario so hard to say truthfully.... you could do a cash out refinance to get the money necessary for renovations but still keep your mortgage low... Just so tough to know for sure what will work. If I were you, I would just rent it for what it's worth now and take the money. Renovations are hard to get the ROI in a position where it makes sense, especially in eastern MT.

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