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All Forum Posts by: Kenneth James Grate II

Kenneth James Grate II has started 3 posts and replied 3 times.

Starting Out

Post: Pros/Cons of buying a rental, when you yourself rent?

Kenneth James Grate IIPosted
  • Garden City, KS
  • Posts 3
  • Votes 1
I'm trying to decide if it would be a good idea or bad idea to sell my house, use the equity and my savings to put down a good down payment on a rental, and then rent for a little while until I build up savings again. Any advice or thoughts would be greatly appreciated!!
0 Votes
Starting Out

Post: Is it a bad idea too rent out my home?

Kenneth James Grate IIPosted
  • Garden City, KS
  • Posts 3
  • Votes 1
Im 21, and bought my first home at 19. I bought it for 176,000 with 10K down. I finished the basement on the home and have a savings built up again of 10K. Ok, Should I rent out my current home for 1400 (my current mortgage payment is 1350) and use my savings for a Class D-C property, Or sell my home for 195-205K, dump the equity into another home like it and repeat what I've been doing and also buy a Class D-C property. Any advice?
0 Votes
New Member Introductions

Post: New member from Kansas

Kenneth James Grate IIPosted
  • Garden City, KS
  • Posts 3
  • Votes 1

Just 21 years young and looking to start purchasing rental properties now that I feel stable in my own career: 

1 Vote