Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
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 almost 9 years ago on . Most recent reply

User Stats

112
Posts
67
Votes
Chris Christianson
  • Contractor
  • Minneapolis, MN
67
Votes |
112
Posts

Valuation of property with or without tenant

Chris Christianson
  • Contractor
  • Minneapolis, MN
Posted

So I'm trying to make a leap in my investment business this summer.  The goal is to purchase a vacant double lot in a decent B+ neighborhood and build a mixed use building.  Preliminary plan is two commercial spots on main floor and 10 one bedroom apartments on upper 3 floors.  I'll be GC'ing the project and bringing in an investor or two.

Now the real issue, We have a single family, twin home, in St Paul.  We have some equity in it now so I'm thinking about selling it and rolling the proceeds into this apartment deal to reduce investor participation.  It's currently rented, lease is up in July, so my question is, should I get the lease renewed for another year and put it up for sale rented, or list it for sale first in case someone wants to move in themselves.  I'm guessing the value is not going to be much different...but I'm guessing. 

Loading replies...