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Updated almost 8 years ago,
I really need your advise in my satiation...
Hello BiggerPockets users,
First thanks to biggerpockets' podcast. Love listening to real estate success stories. On the other hand, I just purchase my second investment property (2 bedrooms and a bathroom) on December 30, 2017 and this house is right across the street from my other property (3 bedrooms and two full baths). Both my properties are in the Des Moines area. When I was in the 3 bedrooms house I was house hacking. I was sleeping in the basement while I rented out my rooms out. Example I was renting out the room for $300 per bedroom (total rental income was $900 per month and my montage payment is $756). Yes I was living for free. I recently increase the rent and it's renting for total income on the 3 bedrooms house is $1440.00 per month ($600 each for two big rooms and $440 for the smaller bedroom). But I am currently paying for all the utilities and I manage it myself. I work full time and my tenants are super cool because they helps me clean the property. Recently I been thinking about renting out the 3 bedrooms house to a single family or should I keep it as it is now renting? I now live in the two bedrooms house across the street. What'd you do in this situation?
Thanks in advance