Hello all, I am currently deciding what to invest in next.

If the current trend in declining rates continues, analysts expect even more homeowners to consider refinancing to take advantage of the lower rates.5.

The current balance as of 8-1-2024 was $406,301.27.

Hello, I am currently an 18-year-old entering college who aspires to become an investor later in life yet I understand there's a lot for me to learn.

The current layout is a 2/1, to be converted to a 2/2.

But I have been looking into splitting the duplex into two condos (yes I know it is a lot of work) and I could probably get 325-350k for each, netting me 650-700k.Number:* Mortgage interest 2.5%* Mortgage principle 240k* PITI $2100/month* Rent 2200/month (current tenant on a two year lease)* Potential rent on my side $2400/month * 100k HELOC at 11% (fixed) (not currently being used)* est additional cost to split the dueplex 75-100k (conservative, probably less)     *new siding 30k (just put on a new roof this year)     *legal 10-15k     *fire proofing 15k     * 15-40k for stuff I am not aware of or underestimated on* some of the appreciation is external from the home     *big grocery store put in 3min away     * newly paved road in front of my house     *a building that was falling down across the street has been torn down          * Still a vacant lot with the foundation exposed and fencing around it (so more local improvements are on the way)Part of me wants to take the money and run but man I love that 2.5% interest rate and the $2000/month cash flow (including taxes and capx)I have thought about 1031 exchanging into more rentals, but I would like to pivot into storage units.

But to answer you question directly, I would say that 27 is too old to live at home (in most normal situations).

The house rents for $1200 month currently and will be able to get $1600 if renovated (finish basement bathroom, new flooring and fixtures, mainly cosmetic).

Can you 1031 a duplex (long term rental currently) or multiple duplexes to invest in a beach front property and use it as a short term rental?

I'm looking at home equity loans for another rental property we own currently.More than likely, we'll have to put the property back on the market and find some cash to cover the difference between current construction draws and sale price.It's an expensive mistake - but we'll be back again to fight another day.