If you are not attached to the duplex, could be a good time to sell to developers who want to convert to individual condo units.

Hi Jorge, glad to have you as part of this community! 

I’m also passionate about learning more about investment opportunities in the U.S. and overseas as a Canadian investor.I've been with BP for about 6 years I think, but was never part of the forum and chats.

Sunrise on the other hand invests in mobile homes and parking lots for the most part.  

I don't think enough people consider this aspect.Selling Stock: Selling part of your portfolio could work, but the 15% capital gains tax might make this an expensive choice unless the stock has underperformed or you’re diversifying away from riskier investments.HELOC: Using a HELOC on an existing property is a flexible and relatively low-cost option.

If the water bill is $100 a month, increase the price by 20% (or whatever you decide is fair) to compensate you for the time required to split and bill and to cover additional use when tenants squander the utility.

Best part is NJ is not what its made out to be in terms of landlord friendly, the state gets portrayed as the entire state being bad when really most wacky laws are in the major cities and they apply to 5 units or more.  2-4 unit multi families fly below radar per say. 

Good to hear there’s consistency over time.

If I got a home equity loan for Property 1 and used the proceeds as downpayment for Property 2 and then got a 2nd loan for the remaining 75% purchase price for Property 2, when I sell Property 2, can I use the Property 1 loan as part of the cost basis for computing Property 2 capital gains?

Interestingly, the records do include the downstairs space as part of the livable square footage.