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Updated over 5 years ago on . Most recent reply

User Stats

29
Posts
9
Votes
Ty Thomas
  • Rental Property Investor
  • Philadelphia, PA
9
Votes |
29
Posts

House Hack Turned BRRR: How Can I Fix My Investment

Ty Thomas
  • Rental Property Investor
  • Philadelphia, PA
Posted

Hi I am pretty new to Real Estate investing. I bought a duplex last November with the intent to house hack. I'm living in one unit and renting out the other. I did an FHA loan with a traditional 30-yr mortgage to get my property. I ended up putting a good amount of money into it to get it ready for renters. I am looking for the best way make my next move, and was thinking I might try the BRRR method. I put in about 40k at this point and I believe the property should appraise for about 220k-230k. Any advice? Is that even a viable option since I started with a 30-yr loan? Help!?

  • Ty Thomas
  • Loading replies...