All Forum Posts by: Allison Schleichert

@Seth Young not in a huge rush to invest; I just know that interest rates and prices are going up. Thinking that investing in property is more valuable than buying crypto or stocks. 
We’d like to have the cash from our equity to do things, but the concept of renting our primary is not a bad idea either, although it’s a pricey first rental. I had always pictured having more of a fixer upper, mediocre rental to start. Renting our house that we worked hard on with the idea of selling just is a big mind shift. 
Lots of options to consider here. 

@Rick Albert Thank you for your feedback. We can sell our house for around $500k, and our mortgage payment is around $1600. Rents around here for something our size would go for around $2000+ I would guess. We have a tax abatement that will expire in 7 years. Renting our house makes me nervous.. I don't know why! 

We have some cash in the bank, but most of it is tied up in equity in the house. Don't really want to cash out refi because our interest rate is low. HELOC an option?

Currently live downtown Columbus and have about $150k in equity in our house. We would like to move out to the country to get some land and a cheaper mortgage payment so we can invest in rentals. What advice do you have for doing this? Should we pay cash for a fixer upper in a smaller city- can buy a single family for around $90k, live in it while we fix it up and BRRRR, then buy our primary property? Or buy primary property first then find a BRRRR? Or, should we buy a multi-family or single family still in Columbus with the same idea?

We own zero rentals at this point. Brand newbie here. Have fixer upper experience with previous primary residences though. I will also be taking my real estate exam within the next week, so hopefully that will help as we start this journey. Thank you in advance!