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 4 years ago on . Most recent reply

User Stats

32
Posts
5
Votes
Marcus Tam
  • New to Real Estate
  • Los Angeles
5
Votes |
32
Posts

Househacking a move-in ready Duplex?

Marcus Tam
  • New to Real Estate
  • Los Angeles
Posted

I've been shopping around for househack deals in LA for a couple months and deals with value-add components are tough to find and even harder to win. In an ideal world, i'd like to find a property where i can force apprecation (like buying a SFR and adding an ADU or buying a duplex that needs cosmetic upgrades) so that I can do a cash out refiannce to help fund the next deal.

If i went with a move-in ready duplex, I would essentially live for free (after considering principal and tax write-offs) which is nice but not sure how i would leverage this property for the next deal. i plan on holding the property for the long run. 

Should i settle for move-in ready? how else could i leverage the property for the next deal (beyond just waiting for appreciation)?

thanks in advance for the advice

Loading replies...