All Forum Posts by: Danielle Leahy

Hello Biggerpocket Friends,

I am considering buying my Mom's house and living in it for 2 years and then renting it out after that. We are currently living in the house so we either need to find a new place to live or buy this one and move in two years so that we are closer to the school that my kids will be attending then.

The current numbers only give a ROI of around 6%, but I am wondering if the fact that I want to live in it for 2 years makes it worth doing? The house is in excellent shape and I have estimated the CAP the best I can. Any suggestions on how to make the numbers work? Refinance? Sell at a certain point?

Thank you in advance!

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*This link comes directly from our calculators, based on information input by the member who posted.

@Shane Short, Thank you so much for your amazing reply! This was my first forum post on BP and I am blown away by your generosity of time in preparing a response. I know you are right...I need to get back to my goals. When I began formulating this plan, I set out to purchase a buy-and-hold. I believe I got sidetracked by various people throughout my education process and the flip started to become the "shiny object" that could easily derail me. Also, you are so right...a rental BRRR is capable of being a flip if I decide to go that route. Thank you for resetting my intentions. :) Much appreciated!

Hello All,

I am relatively new to BP and wanted to seek some advice on the Atlanta market for those of you that are in the know. I am currently gearing up to purchase my first property and I am having trouble narrowing down which direction to take. I love the idea of a buy-and-hold duplex, however, they seem to be scarce in the Atlanta area. I believe that I could possibly find one further out, like Lawrenceville, Duluth, etc., however, I am not very familiar with those areas which scares me a bit. My other option is to scratch the multi-family idea and focus on doing a flip closer in to town (likely NE Atlanta or possibly Smyrna). Does anyone have knowledge, advice, experiences that they would like to share that may nudge me in one direction or the other?

Hello All,

I am relatively new to BP and wanted to seek some advice on the Atlanta market for those of you that are in the know. I am currently gearing up to purchase my first property and I am having trouble narrowing down which direction to take. I love the idea of a buy-and-hold duplex, however, they seem to be scarce in the Atlanta area. I believe that I could possibly find one further out, like Lawrenceville, Duluth, etc., however, I am not very familiar with those areas which scares me a bit. My other option is to scratch the multi-family idea and focus on doing a flip closer in to town (likely NE Atlanta or possibly Smyrna). Does anyone have knowledge, advice, experiences that they would like to share that may nudge me in one direction or the other?