All Forum Posts by: Jose Botello

Thank you guys for the advice! I may move forward with it and buy my 1st investment/house back property! 

If I purchase a duplex and live in one side and decide to renovate the side I’m living in. Can I write off/ deduct my expenses for the renovation?

I would be doing this to be able to rent it out in the future at a higher rental rate. 

Considering a duplex as a primary and rent out other unit. How do interest rates play in this scenario? It would be a primary home but will I have to pay higher rates because it’s a duplex?

As we all know, the market is crazy right now with rates and all but I have been wanting to start investing. I’m considering renting my current home. The downfall to that is that it’s in a small town with absolutely nothing to do. The town is not the greatest I would classify it as a Mid to low B. To get to the closest Walmart or hospital is a 20 min drive. The house is a 3/2 with a full unfinished basement, upstairs is about 1900 only 4 years old. Payment is just shy of $1500/month. 

My question is, is it worth trying to rent the house out or should I sell and try to get into a fixer upper in town where there’s more to do?  

Hello! There is some land near where I live that came up for sale. I feel like I remember hearing one of the podcast or somewhere that the appraised value of timber on the land can be used as down payment for purchasing the land. Am I totally making this up or does anybody have any information?

Are used to live in Cullman back in 2021 and fell in love with the Huntsville area. Wanting to get started in real estate in that area and I'm thinking that my best option is either fix and flip or BRRR. Is there something achievable in the area looking for any advice?

Thank you!

Update on the above, the vacant side was in great condition minus a hole in the ceiling from water damage from the bathroom above. Easy fix, no big deal. Occupied side was in rough shape, carpet needed to be ripped out and holes all over the wall from tenants. Neighborhood was not ideal for our family so we gave it a pass. 

Looking into purchasing a SFR but making it my primary residence until I get something built on land my wife and I purchased. We live in a college town and could rent it for $1200-$1500/month afterwards. This would also start our investing journey!

This house is a 3bed 3 bath about 2 blocks away from campus. Asking price is $155K. House looks updated from online pictures so maintenance is hopefully minimal. 

We plan on going to look at this house tomorrow so I’m looking for advice on this deal. Especially those that rent to college students since it will most likely be rented out to students. 

Thank you all so much!! 

 this is probably something i should ask up front? 

My wife and I are tossing around the idea of selling our current home and buying a duplex, moving into the vacant side so we can purchase with less money down and begin our investment journey.

here are the details:

Sale Price: $250,000

both sides are 3 bed 2 bath with one car garage

the listing says the occupied side rents for $1,100

location i would classify as high C low B, mainly because everything around is rentals.

2853 Hemlock Ct Cape Girardeau MO

Thoughts, Advice would be greatly appreciated!