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Updated over 7 years ago on . Most recent reply

User Stats

9
Posts
3
Votes
Kiyong Kim
  • Sherman Oaks, CA
3
Votes |
9
Posts

Help me figure out my next purchase!

Kiyong Kim
  • Sherman Oaks, CA
Posted

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!

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