All Forum Posts by: Victor Tofilski

@James Hamling

This was very helpful thank you

@Joe Villeneuve

740 and 860 the other unit also has more parking and a deck. I’m realizing now my pictures of that unit were much better too. So I took new pictures like most people suggested.

@Joe Villeneuve

The other unit was a unique circumstance the tenant only needed a place for 6 months before he moves again so I gave him a different price to account for future vacancy. I originally priced based on comps of renovated small multifamily properties in my area (there wasn’t a lot at the time). I’ve been renovating my live in flip and didn’t put enough effort when I first listed the property. It was so easy the first couple times I didn’t think I’d need to. Lesson learned.

@Joe Villeneuve

I’ve had so much interest the last 2 times I’ve listed each unit. The other one I had listed at 1325 and currently have it rented for 1500 on a 6 month lease. That unit is a 2/1, has a deck and is a little bit bigger. The previous tenants were paying 1200 in the vacant unit.

@Greg M.

Most of them didn’t qualify and the few that did their current leases are up in February.

https://www.zillow.com/homedetails/3290-E-M-36-APT-2-Pinckne... had this unit listed over 2 months I started out too high at 1350. Its been vacant for 21 days now

I’ve had it down to 1200 for weeks and just added $500 off first months rent.

Does anyone have any other tips?

I bought my first house (Duplex) last January. My rate is 6.625%. I was planning on combining the 3 strategies of brrrr, house hacking and sneaky rental strategy. I’m currently looking to buy my next primary residence to house hack. I was thinking of using the 9k that I can get out the refinance of the duplex for the down payment/renovations of my next house. Only problem is the new rate will be 8%. Does it make sense to take the higher rate to pull out 9k?

Should also mention I can’t wait till rates to come down to refinance because I will only be able to take out a loan for 70% of the value instead of the 75% while it’s my primary.

Hi, I'm 20 years old and I'm currently living with my parents. I was looking into buying a duplex and living in one side and renting out the other. I was approved for a FHA loan and I have about 20k saved up but that's still not nearly enough for anything in my area. Anyone have any idea how I can get more money or where I can invest it in the meantime, thanks.