Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 3 years ago,

User Stats

17
Posts
9
Votes
Sam German
9
Votes |
17
Posts

Primary Residence. How nice should it be?

Sam German
Posted

Hey Everyone,

My wife (22) and I (22) own a primary residence in Blaine, Minnesota (large suburb 20 mins north of the cities) and recently purchased a rental in St. Cloud (1 hr NW of cities). I want to keep pushing, and my next idea would be to find another primary residence and move there, taking our roommate with us. We would then turn our current home into a rental. 

The Dilemma I face is this: My price range is $275k - $350k, but I struggle to find something nice enough to want to live in, that would also cash flow once we move again, turning the home into rental #3. I don't know any contractors at all, let alone ones who won't give me the shake-down. Therefore, any homes that need a lot of fixing, even cosmetics, might be out of the picture. I just don't know if there will be renters who are willing to pay over $3,000 for a nice home in the 'burbs, otherwise, my new primary residence won't cash flow when I move out.

TL;DR Has anyone had success buying a nice primary residence and finding renters to cashflow when you move out? Or will I have to settle for a light fixer-upper?

Loading replies...