Considering selling my duplex to grow ( Los angles)

[Bryson Scott]

Hello everyone,

Not that new to BP but this is my first question.

I purchased a duplex in Los Angeles three years ago. When I closed one unit was vacant and one had a long term tenant who was paying very low rent and had been residing there for 10+ years.

Since then I have remodeled both sides. I have a new renter in the previously vacant unit. I have also evicted the long term tenant (complete nightmare) and I have gotten new windows paint and landscaping.

I am now ready to find a new tenant and move forward far better than I started.

My question is knowing my equity is probably substantially higher should I refinance and pull the equity to purchase another property (if possible) or sell and upgrade to a bigger complex.

I assume numbers are needed for a full answer but I am new to this and now wanting to learn and not waste anymore money.

Thank you for any input.

[Jonathan Barr]

I would sell and use that money to bigger a larger complex in midwest.

I just sold duplex in LA and bought a turnkey fully leased multifamily Kansas City.   Its at 7 cap and 10% return on my money.   You should be able to replicate something like that.   It will take some studying the area and initial travel.   Its turning out really well for me thus far