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Updated over 7 years ago on . Most recent reply

User Stats

151
Posts
13
Votes
Allen Lopez
  • Rental Property Investor
  • Baton Rouge, LA
13
Votes |
151
Posts

New to investing rentals. Advice?

Allen Lopez
  • Rental Property Investor
  • Baton Rouge, LA
Posted
Hi everyone! So I just recently started investing in rental properties. About 3 years ago I bought my first apartment and rented it out. Great tenant and last year I bought my second, not so great. I had to evict the second tenant because she wasn’t paying rent. Long story short I have 1 unit rented and another vacant. Together the market value is about 200k. I am thinking of selling those two units in order to buy a multi-family property. I am very handy, however the properties are not in the same city as me, and I would like to buy in the same city. Does anyone have any good advice for buying properties at auction online, or anything recommendations as far as increasing my rental properties number? Is it recommended that I sell both units and buy something with more units, or even a house, or should I just keep those and simply buy a third unit under $100k? Thank you!!

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