All Forum Posts by: Omar Luna

Hello Rodney,

How much do you owe on the property? $10,629what is it worth?

How much can it rent for? $1,700 - $1,950 

How much do you need to put in to it for it to be rent ready? $10k - $15k 

Hi everyone, my wife and I are looking to turn our current residence into a rental property. We have about a year and half before the mortgate is paid in full. We will be putting 20% for our next home, we would like for our rental property to cover 80%-100% of the new mortgate payment. This could help us to save another 20% for the next rental property much faster. We would love to get some feedback if this would be a good route or not, any ideas, suggestions, recommendations would be greatly appreacited.