Current property crossroads

[Mark H.]

Hey BP community,

I’m looking to have a conversation with another real estate investor about my property. My wife and I bought an old multi family turned single family in December of ‘21. The original plan on purchasing it was well slowly build equity and then convert the place back to multi - 3 unit apartment when we leave. Our plan for departure out of this property was expedited with the birth of our first child in Sept of ‘22. Im thinking it might be time to move out to the ‘burbs and get out of the city for more of a safer community for my daughter to ride her bike, etc as she gets older. I know I have time before this soon to be 6 month old baby starts riding her bike but I’m at a crossroads - do I invest in making this the best single family home to hold onto and rent out or potentially sell or do I spend the money converting it to a multifamily to rent out the multiple doors. Anyone willing to provide their expertise and advice for a cup of coffee or a lunch would be appreciated. I have a duplex rental in another state but that one was turnkey, this conversion would cost a pretty penny and I don’t even know where to start or if it’s worth it. Look forward to connecting with some others in the area. Thanks,