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All Forum Posts by: Carressa Walker

Carressa Walker has started 22 posts and replied 38 times.

Post: I want to buy my second home and rent out my current home

Carressa WalkerPosted
  • Real Estate Agent
  • New Jersey
  • Posts 42
  • Votes 14

There are few things to consider when going this route.

Equity Amount- Determine how much equity you have in your current home. This is the difference between your home's market value and your outstanding mortgage balance.

Interest Rates- Compare current mortgage rates for cash-out refinancing or home equity loans. A lower rate can significantly affect your overall costs.

Rental Income- Estimate potential rental income from your first home. This can help offset costs and improve your financial position.

Cash Flow- Calculate all expenses related to both properties (mortgages, property taxes, maintenance, insurance) and ensure you have a positive cash flow.

Vacancy Rates- Factor in potential vacancies when estimating rental income. It’s wise to have a financial buffer for periods without tenants.


Post: Need advice in a tough market-no buyers

Carressa WalkerPosted
  • Real Estate Agent
  • New Jersey
  • Posts 42
  • Votes 14

What market is this property in?

Post: Single Family with added Rental Property Attached!

Carressa WalkerPosted
  • Real Estate Agent
  • New Jersey
  • Posts 42
  • Votes 14

Off Market Property available in Waynesville.  Definitely an investment to consider

Post: Turnkey Mobile Home

Carressa WalkerPosted
  • Real Estate Agent
  • New Jersey
  • Posts 42
  • Votes 14

Yes Ill shoot you a message

Post: Turnkey Mobile Home

Carressa WalkerPosted
  • Real Estate Agent
  • New Jersey
  • Posts 42
  • Votes 14

Turnkey mobile in Concord NC available

This 3bd/2ba sits in the beautiful community on Glen Laurel and has a pool and play area for children.

Post: Need Capital for a Land Purchase

Carressa WalkerPosted
  • Real Estate Agent
  • New Jersey
  • Posts 42
  • Votes 14

The purchase is for partner buyout who owns part of the land. The plan to service the debt and repay is to sell a portion to program for HUD home building, lease a portion and build a yurt community for Airbnb on a portion. Primary Income source is primary business which grosses about $260k a year. Funding is needed for about 20 years with an option to prepay. Land was valuated at about $500k.

Post: Need Capital for a Land Purchase

Carressa WalkerPosted
  • Real Estate Agent
  • New Jersey
  • Posts 42
  • Votes 14

Need capital of $250,000 for a land purchase. 108 Acres with a Yurt currently owned free and clear.  Valued at $500k.  Payback terms negotiable.  Need to close ASAP.  

Post: 30 Unit Package Deal Hells Kitchen

Carressa WalkerPosted
  • Real Estate Agent
  • New Jersey
  • Posts 42
  • Votes 14

Motivated seller looking to offload 30 units in Hells Kitchen (Manhattan). Serious buyers or Agents only please. 

Post: Looking Buyer in Amarillo, TX

Carressa WalkerPosted
  • Real Estate Agent
  • New Jersey
  • Posts 42
  • Votes 14
Quote from @Tony Link:

Hi Carressa! I run the REIG in Amarillo. Please post the deal on the Amarillo REIG facebook page.


 thank you, just posted it.

Post: Looking Buyer in Amarillo, TX

Carressa WalkerPosted
  • Real Estate Agent
  • New Jersey
  • Posts 42
  • Votes 14

Good Offer! zip code 79110

Turnkey for only $145k