Trying to boost my credit score over time.

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Factor in about 10% of the sale price to go towards closing costs (transfer taxes, commissions, attorney fee, etc) and miscellaneous expenses and you're at $625K so far - this is NOT including demolition costs, holding costs (taxes, utilities, insurance, management, etc), architectural drawings, surveys, building department filing fees, etc.That said, you may also want to consider the costs and potential benefits of adding sq ft. to the existing home and/or updating the home to potentially boost your sale price.All the best!

Moral of the story, be careful and do your due diligence!

I generally recommend this strategy as it could boost your property value and your potential rent income.

Hi @Robin Morales It depends on what demographic you are looking to rent to.

@Tim Watson It depends on where your shopping :-)You can find the 1% rule but from our experience it required lifting and remodeling to boost the value.

There are many ways to boost your income which will help get you to your goal faster.Best of luck with it.

Also talk to them about ways you could potentially boost your valuation such as cosmetic fixes with good ROI.

So the boost is just a lil extra gravy. i bought all my properties well before Covid.