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
New Member Introductions
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 over 5 years ago on . Most recent reply

User Stats

21
Posts
5
Votes
Zulu Black
  • New to Real Estate
  • New York, NY
5
Votes |
21
Posts

Best use for my current home

Zulu Black
  • New to Real Estate
  • New York, NY
Posted

Hello everyone! I recently bought a 1 single family for $400k in NYC and acquired a loan for $270k at 3.75% for 20 years. My mortgage is roughly $2,000/month. I lived there roughly for 2 years before I relocated to Chicago for work. Luckily, I was able to find a family that needed a place to stay because their house was caught on file, so currently their insurance company is paying for the rent. However, the repairs to their home should be completed by the end of 2020 and that's when our agreement will end. 

During this process, I learned a great deal about what it takes to be a homeowner and about the real estate business. My goal is to acquire more rental properties but I don't have enough fund for it. I'm wondering what are some ways I can accomplish this? How can I leverage my current property? 

Loading replies...