All Forum Posts by: Alexa Rooney

 Thanks Amy! I appreciate the insights. This is extremely helpful!

Thanks Justin!!! I appreciate the insights! Starting to read everything and I am already learning so much!

Hey Randy! Thanks for the comment. Makes me feel like I definitely am making the right decision.

Since I’m so new to this I guess my question is what are some things during my renovations that increase the value? 

Once two years pass what are some steps I need to take to analyze rent? Should I refinance before I rent ( I know if rates are lower that may be an obvious answer). What are some of the thing I need to look for to understand how this could be a good ROI?
would I take a home equity loan to buy my next property?

I know a lot of these are variable and really depend on what changes I make and how much time I live in it before I rent out.

Not sure if this give you an idea: my property appraised for 25k more than what it’s listed for and the roof is at its end of its life ( sellers are replacing it) and needs some updates kitchen/ bathroom/ etc. 

Thanks for the help I appreciate you reaching out and commenting. Snow has been unreal this year! I’m lucky to live so close! Try to get up 2-3 times a week! I’m glad you made it to PC- it’s a magical place!

Hello all,

Funny story- on a chair lift skiing yesterday in this amazing state and met a guy who told me about bigger pockets and that it would change my life. How did the convo even get there? I mentioned I bought my first property in SLC and was hoping long term (as it will be my primary residence) I can make this a rental. Very fresh and new to the game. Looking for advice moving forward. 

I bought a little bungalow fixer upper in a high demand area (close to highway and even better access to the canyons to ski, hike, run, and explore some of the greatest trails in UT).  I plan on living in the house for 1-2 yrs to make some major changes that will increase the value of the property. 

Looking for a couple words of wisdom, mentor, partner, or just a friend to talk through some of this!

Thanks and looking forward to meeting everyone! Excited for the journey.