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Updated about 7 years ago,
Help me figure out my next purchase!
Hi,
I'm in Los Angeles which is expensive and so buying a rental unit for cash flow isn't realistic. I currently own and live in a 2 bedroom condo where I rent out the spare bedroom through AirBnb which covers the mortgage and HOA. I'm trying to figure out what to buy next. Here are some options I'm considering:
- Rent out my condo, buy a duplex and live in one unit, rent out the other.
- Sell my condo, buy a larger multi unit like atriplex or quad, live in one unit, rent out the others.
- Rent out my condo, buy another 2 bedroom condo or townhouse, and rent out the spare bedroom through AirBnb.
Please let me know your thoughts!