Hello everyone , this is Alex f Tortorelli, former army soldier , 35 years old , Hvac service tech working my way up to have my own hvac business in 2023:
I own( am financing ) a house in Fort Worth Texas , bought for 250000 with VA loan , didn't do any down payment . The house now has appraised for 325000 , analyzing the for how much houses are selling in my neighborhood with the same house specifications.
Bought the house January 2020 after selling my house in North Carolina , I did irrl refi with 2.25 % which has been really beneficial to me in regards monthly mortgage payments.
I am looking to buy another house near my area , I got pre approved for conventional loan , 420k maximum .
My plan is to rent the house I already have and move to the new house that is in a better Neighborhood, and has a big potential to appraise in the future .
I’m going to put 5% and and will pay mortgage insurance.
Can someone tell out there if you have a better plan or standpoint in regards your real estate experience ?