Once you start processing the credit/criminal, the money is spent, and you can't get it back.

Hello Trying to get back on the real estate investing space and build new connections that can help me to speed up the process.

You have already laid out both scenarios. 

It's debt you'd still have to pay back, but at least you will not touch one of those two amazing interest rates. 

Okay, I have not heard of this strategy but I had an idea. Right now I own a duplex, I live in one unit and rent the other for $1400 per month. My mortgage is $2450 monthly. I’ve been in this unit for almost a year no...

This would be my first real estate investment, making the decision even more critical.I understand that backing out would mean losing the $2,000 earnest deposit.

I recently purchased a 2 unit property as owner occupied with one unit already rented out. 3 months after closing, I was laid off due to a restructure at my company, so I decided to rent out the other unit my girlfriend and I planned to live in.

I almost posted a couple of days ago that BOIR was back in play - glad I held off!

We are responsible for the mortgage as of January 1 - but it's come to our attention that they stopped paying it back In October 2024.

I think both of your strategies have merit, but here’s my take based on what you’ve laid out.Moving to a rent-stabilized apartment and renting out your condo as a mid-term rental could be a smart pivot, especially with its location near a hospital and LGA.