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.
Real Estate Deal Analysis & Advice
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 8 years ago on . Most recent reply

User Stats

6
Posts
0
Votes
Dakota Malone
  • Syracuse, NY
0
Votes |
6
Posts

BRRR with already occupied units?

Dakota Malone
  • Syracuse, NY
Posted

I'm looking to buy my first property and I have a duplex in front of me for sale 53k and both occupied for a total of $1,700 monthly. I'm waiting for a call back from the seller for actual details and comps being put together, but with high rental net and a low mortgage payment it seems I would be in for decent cash flow. I'm a little confused though, with both places occupied.. is rehabbing the exterior for a higher appraisal and keeping them both in leases the way to go? Should I rehab one side and keep the other tenant? 

I don't have any pictures of inside units yet but as far as I know there's no major problems with the house. I plan on buying a home and rehabbing out of pocket (10-15k). Does it make sense to keep the house with $1700 net while cleaning up the exterior for a higher appraisal, and then refinance after 6+ months? 

Thank you in advance

Loading replies...