All Forum Posts by: Chad Murray

@Collin S. You're welcome! Great to hear! What have you learned by using it? What tips do you have to share? Thanks for sharing and best wishes to you!

Collin, I am running this analysis on one of our single family houses and have the same question as you. I am starting to use https://www.narpm.org/members/...  Be sure to adjust the "Advanced Inputs" as they prepopulate with some assumptions that drastically affect the results.

Investors: What other resources do you use to analyze your Rent vs Sell options? What factors and metrics do you consider? Which metrics are missing from the above calculator? What tips do you have for us on how to use a Rent vs Sell Calculator?

David, thanks your recommendations! Cameron, thank you. Yes, this will be our first rental. We are aiming to learning how to think about home improvements and updating, not as a homeowner, but as an investor looking to rent this home and soon hire a Property Manager. We have peel and stick linoleum in the bathroom and wood tiles in the kitchen. Bathroom has a plastic shower wall insert. Are there any options to revitalize that other than replacing it?I will look into reglazing the tub as David said. Everything is dated. 

I'm looking at updating/improving the kitchen and bathroom on a small house in Waldo to prepare it to become a rental property.  Any advice on how much to invest in those updates?  How much is too much?  What materials would you recommend/not recommend?

My wife and I are exploring options for financing our first rental properties.  We would like to free up some cash to make improvements on our current home, move out into a multi-family property, rent the other units in the property and then rent our current home.  We are researching home equity loans, home equity lines of credit, and the possibility of refinancing our current mortgage to free up the cash needed to make those improvements and make the down payment on the multi-family unit.  If you have had experience with one or more of these methods of financing, please share the advantages/disadvantages you have experienced.  Many thanks!