Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
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 about 1 year ago on . Most recent reply

User Stats

447
Posts
63
Votes
Peter Morgan
  • Rental Property Investor
  • West Des Moines, IA
63
Votes |
447
Posts

6bed 3ba Sell or rent

Peter Morgan
  • Rental Property Investor
  • West Des Moines, IA
Posted

Hello,

I own a Duplex, one unit has 6bed 3ba 

and another unit is a 3bed 2ba. I occupy 

the 6bed 3 ba, but all I ever needed was 3bed 2ba,so was renting the remaing 3b 1ba in my unit to other roommates, it's more like an I law unit with it's own side entrance so it has been more than comfortable house hacking experience without any privacy issues so far. Since I need to relocate out of state dur to my job I am very confused whether to sell or rent given my mortgage is at low a 2.5 on a 30 year with 27 years remaining, the equity is about 600k to 700k. I can comfortably rent the other 3bed 2ba unit but not very sure about the 6bed 3ba.The cash flow will make perfect sense only if this 6bed 3ba is fully rented, 

else I need to sell.is there any way I can evaluate if I can find tenants for 6bed 3ba appreciate your inputs

Thanks 

Most Popular Reply

User Stats

2,918
Posts
2,078
Votes
Alecia Loveless
2,078
Votes |
2,918
Posts
Alecia Loveless
Replied

@Peter Morgan My thought is the best bang for your buck would be if you could somehow split the 6/3 into two smaller units.

I just feel the wear and tear you would get on a 6 bedroom would be unbelievable and the rate of return on rental units after a 3 bedroom is highly diminished.

There can be a call for a 4 bedroom but unless you were going to rent to something like a group home I’m stumped to who would need that many bedrooms and would pay any extra for them.

  • Alecia Loveless
  • Loading replies...