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 11 months ago,

User Stats

2
Posts
0
Votes
Juan Bonilla
  • Central Valley, CA
0
Votes |
2
Posts

First move advice!!

Juan Bonilla
  • Central Valley, CA
Posted

Looking for some different perspectives on how to make a solid first move in real estate investing. 

Currently living in an inheritance property that is not yet in my name, but I have complete control. Fixer upper. 3 bedroom 1 bath, detached garage that was once used as a studio. Studio has 1 living area 1 full bath and a kitchen. This area however is not livable at this time. I have invested about 25k in renovations for the main home. Another 20-30k would complete the project although it is livable. The studio needs about 15k of its own renovations. 

I have 60k in capital ready for new investments.

goals: buy residential homes for long term rentals. Supplement and eventually replace w2 income.

questions: split the property to make it 2 separate rentals? How would I do this legally? Complete the renovations so the current property yields more rent? Use capital for new homes? 

thanks in advance for reading the long post. Appreciate any info. 

Loading replies...