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Tag Archives: Rental mortgage

Rental Property Series: How Much Did It Cost?

If you have been following this series, you know that we have been working like fiends to get our first rental property liveable for renters by October 1. If you’re new you might start by reading the previous posts. Rental Property Series: Buying our First Rental Property Rental Property Series: Renovating Our Rental Property Rental Property Series: Overcoming Setbacks Rental Property Series: Finding Hidden Treasures If you don’t want to read all of those, you’re really missing out, but to summarize We purchased this property on August 24, 2012 for $63,000, with 25% down. We plan on spending $3000-$5000 on renovations. We hope to be done and have a renter by October 1. We are using a property management company and are asking $750/mo for rent Well, October 1st has come and gone, and we are done. With a last gargantuan push this past week, we put the hardware back on the cabinets, cleaned up the construction mess, hung towel racks and a shower curtain, put in the counter tops and kitchen sink and faucet, got the stove and dishwasher hooked up, and painted the front porch. We also decided to put gravel in the front yard because the grass just would not grow. It shows poorly ...

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