If you have 60k equity and 10k cash, slow down and remember this - you need 15k for reserves for a new property and you should always only use half of your equity which would leave you with 15k for downpayment and 10k cash for renovation.

Thanks for the feedback! 

It really is going to come down to the current state of your property and if you have any needs for additional liquidity.

Took me longer but I didn't like the contractor I used, and unfortunately he took advantage of my kindness.

Welcome to BP & investing in the Phoenix area!

Come on, spill the details!

The property is a duplex, and he plans to give all the proceeds from the sell to his daughter.

https://www.har.com/content/department/mlsHouston Real Estate Highlights in November, 2024:-Single-family home sales increased 6.0 percent year-over-year;-Days on Market (DOM) for single-family homes went from 48 to 52 days;-Total property sales were up 3.3 percent with 7,750 units sold;-Total dollar volume rose 11.1 percent to $3.1 billion;-The single-family median price was up 1.5 percent to $329,900;-The single-family average price climbed 4.1 percent to $418,903; -Single-family home months of inventory registered a 4.4-months supply, up from 3.5 months last November.

I listed it for a month, then decided that cashflow would be strong with the current mortgage.

Budget wise I would like to stay below $220,000 for the house.