All Forum Posts by: Benjamin Wong

Hey,

1. Check out if there are any reasonable multifamily properties out there.  Know how much they rent for. 

2. Definitely get a Home Inspection to know the condition of the property.

Hey Alicia, sounds like you got a plan.  I would sell to use that money for the down payment. Definitely look into multifamily units.

Hey Alicia, please take my advice with a grain of salt but if you hold onto this property and you try to rent it out, the rent doesn't even cover for the mortgage.  I would sell it and buy a house/multifamily or two where the rent does cover the mortgage.  You just want to make sure you have some reserves just in case you need to make repairs to the property. 

Staging always helps. It helps buyers visualize what they can do with the space.  As for the unfinished basement, putting a rug can help as well in an open area.