Hello,I have a friend who bought his first duplex and did some bathroom reno.

I just bought a 3bed/2ba in South LA / North Inglewood (literally, 3 houses away from the boarder of 64th St.)

I bought my first property in October so I’m still learning a lot but BP has greatly helped.

I bought a two family brick property in Hudson NY in 2014 for 250 K (all cash deal) and I might be selling it soon for 600K, sounds good right?

I own a condo in San Jose and the HOA is currently $460 a month and may only get higher as they will eventually need to replace the roof and who knows what else.. we bought it about 2 years, 2 months ago and we are discussing a deal with someone to sell.

My initial thoughts are that you bought too high, have underestimated your renovation budget and, certainly, time line and, depending on how much you are refinancing, it's not going to give you much of a return on your money.

First house I ever bought (built in 2001) ended up having foundation issues.

If we bought today, our taxes would be ~$8k higher per year.- Risk that prices increase substantially over the next 3-5 years, and outpace any of the benefits aboveLeaning towards selling since it’s hard to pass up free money, I’m not sure prices have much further to go from here, and we’re not sure we’d like to move back to the same home that’s been rented for 3-5 years anyway.

So if I have a property, let's say the purchase price was $25,000 and it was bought with cash so fully owned.

I bought my home at $100K below the mortgage owed, and it was an REO for 3 years.To understand why banks are so cautious, I learn from my wife it's an anti fraud thing.