All Forum Posts by: 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.