All Forum Posts by: Lian Chavda

 In the long run, I want my first investment experience to lead to more. So yes, hopefully grow this business. To property is producing well and we can rent it for more if we wanted. The area I am in is growing and appreciation is expected.

Thanks for your input! That was definitely an idea. I was hoping to keep it for my portfolio but if it means leveraging the equity from selling it to purchase another higher rental income property or potential flip, I think your advice is best.

Although, our tenants are expected to renew their lease in July.

 Thanks for your reply, Elvise. The entire home is rented out. I have provided the numbers above.

The current value is around $340-$360k. Last sale earlier this month was $350k. I owe $209,304. Currently rents for $1950 (giving them a discount since we're first time landlords and it's on old high school acquaintance) with a monthly mortgage of $1584 (including HOA dues).

Hey all,

I currently own two properties, my primary residence and my first home turned rental which is a townhome/condo purchased in 2017. I am also a real estate agent in the greater Seattle area. I'd like to learn if it's possible to leverage my rental property and equity to either do a flip or BRRR but unsure where to start.