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Updated about 8 years ago on . Most recent reply

User Stats

40
Posts
30
Votes
Derek Loda
  • Investor
  • Appleton, WI
30
Votes |
40
Posts

Looking towards my next move in REI

Derek Loda
  • Investor
  • Appleton, WI
Posted

New to BP,looking to hear some thoughts on your experiences, and looking to determine my next REI move. I currently am going through a cash out refi on my current property (house hack duplex) which I bought almost two years ago for $45k and put $15k in renovations, 95% without contracting out. I will end up with approx 65-70k available after I close. I'm open to both flipping, or investing in multi family property. Thoughts are one of the following: house hack a single family, BRRR a 2-4 family property, or get an FHA for my single family & buy a multi family unit. With the last option, I'd look to buy, renovate, and rent the multi family prior to getting the single family. I have great resources available to me, so at this point, I'd renovate as much as possible by myself, within my abilities of course. Just curious as to your opinions. Thank you, and it's great to finally be a part of the BP family!

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