Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
Rehabbing & House Flipping
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 6 years ago,

User Stats

2
Posts
0
Votes
Jacob Smith
  • Rental Property Investor
  • Billings, MT
0
Votes |
2
Posts

Newish to the game and wondering if my recent purchase was smart

Jacob Smith
  • Rental Property Investor
  • Billings, MT
Posted

Short story of my past. I bought first property at 19, that was a foreclosure home, had that for 4 years and sold it. Then again at 27 bought my second property, it was duplex, lived in it entire time, just recently sold that in December and profited 24,000. I guess after updates and repairs, it was closer to 18,000. Just recently purchased a property with 2 homes on it. I will be house hacking living in the 1 bedroom, 1 bath and renting out main home 3 bedroom, 1 bath, shared yard. I did a lot of research and rent is 1249 average in that area for that sq foot and bedroom/baths. It needs updates but I have found tenants that will move in for 1100, or should I invest a few thousand into updates, ex... flooring, counter tops? And rent it out for 1250? I can’t decide what to do? Thank you

Loading replies...