All Forum Posts by: Hogan Underhill

@Joshua Janus iI am looking at a duplex. What would you say are the main differences between calculating the ARV on the duplex and single family?

How do you get the best idea on what a duplex ARV will be? How should I calculate the numbers?

I am looking for a duplex. I am debating living in the house or renting out both units. 

Here is my situation: I am only 25 years old. I bought my first house (townhouse) in January of 2021. The cost of that house was 252k. I used a conventional loan to finance the loan while only putting 3% down. The interest rate on the loan was 2.62%. I rented that property out to 4 people. Now I am looking to buy another property. I don't have much in cash to finance my next property. My mentor suggested that I use a line of credit because financing would not be the smartest because I already got a low rate. I want to attempt the BRRRR strategy with this next property. Would anyone have advice on how to finance this and any advice on my situation.

Investment Info:

Townhouse other investment.

Purchase price: $252,000
Cash invested: $9,000

I bought a house and I house hacked for a few months. Then I rented it out to 4 people.

What made you interested in investing in this type of deal?

I want to start taking action. I moved out of that place and am ready to buy another property

How did you finance this deal?

This deal was financed through a conventional loan

How did you add value to the deal?

I have not fixed it up yet