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.
House Hacking
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 3 months ago,

User Stats

3
Posts
1
Votes
Ariel Hernandez
  • Rental Property Investor
  • Phoenix, AZ
1
Votes |
3
Posts

Househack /medium turn rental/longterm rental

Ariel Hernandez
  • Rental Property Investor
  • Phoenix, AZ
Posted



My girlfriend has a mortgage on a 1 bed 1 bath condo, I share a mortgage for a 3 bed 2 bath house with my brother. She bought her condo a year ago, we lived in it, remodeled, and were planning to make it a medium term rental after I purchased a house with my brother. My girlfriend and I moved into the house and planned to live there with my brother while renting out the condo. In the meantime, my brother and I would fix up the home and get it ready to become a rental as well. Problem is, my brother started dating a girl... he didnt want to work on the house anymore. Three months in at the house, my brother's new girlfriend decided to buy her own house. She qualified with her dad so she could qualify for a bigger mortgage, so she cannot afford the monthly payment by herself. Now, my brother wants to move out with her into her new house and help her pay for her mortgage that he isn't even on - while also paying for half the mortgage we share together. My gf wants to pivot and rent the house while we live in the condo, but my brother is not educated and is afraid of being a landlord. Where do we go from here? The house and the condo would each breakeven if they were rented due to the mortgages we currently have. The condo is nearly ready to rent and the house has a some work to do but nothing major, minor cosmetics.

Loading replies...