Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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 over 10 years ago on . Most recent reply

User Stats

31
Posts
11
Votes
Alan B.
  • Banker
  • Saginaw, MI
11
Votes |
31
Posts

Live in my rental?

Alan B.
  • Banker
  • Saginaw, MI
Posted

I don't know if I'm really looking for an answer, advice, or just getting something off my chest.

To make this quick, I will be complete with my very first property this weekend. Its actually done now, just needs to be cleaned. Its a duplex but I only had the funds to finish the lower not the upper.

The property is in the hood, not too be bad of an area (I've lived in worse) but nonetheless still the hood. I currently rent a apartment in the suburbs. I have seriously been considering moving into it temporarily and using the money I've been paying for rent to just rehab the upper.  

Financially I know its smart but I spent the last few years of my life trying to get out the hood and now that I'm out I really do not want to go back. 

Has anyone here ever decided to move in one of their investments in order to save money or to complete a job easier? Would you do it? Why or why not?

Most Popular Reply

User Stats

5,028
Posts
2,573
Votes
Curt Davis
  • Flipper/Rehabber
  • Memphis, TN
2,573
Votes |
5,028
Posts
Curt Davis
  • Flipper/Rehabber
  • Memphis, TN
Replied

Nope, would not do that.  If you have got yourself out of the hood, why would you go back? You would know first hand that investments in those neighborhoods typically turn out to be losers all the way around.  Just my opinion.  

Flip this deal fast, get out, make a few bucks and move on!!

Good luck

  • Curt Davis

Loading replies...