All Forum Posts by: Anna Taylor

I have heard a lot of people on the Bigger Pockets podcast using $30,000 as a estimate for rehab costs on a property. What can you get done with that amount of money? Let's assume it's a 3 bedroom, single family, 1,500 square foot house for a rental property. I'm in Cincinnati. 

I am a first time home owner who has lucked out with the current value of my home. Bought 4 years ago in Cincinnati Ohio for $112,000 and we just got an offer for $260,000. I am interested in getting rental property as my husband is in property management and I did a lot of the rehab work on our current property. My question is, do we sell and then buy two properties, OR keep the current home, get a new appraisal, and use the equity to buy another property? 

PS: If theres a local pro who has been here, feel free to PM me.