But if you can secure one with solid terms, it could be a great way to access capital while keeping the rental.If you believe in 28277’s continued appreciation (and I do), I’d lean towards holding the rental, increasing rents through strategic upgrades, and leveraging equity via a HELOC or cash-out refinance if the terms make sense.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $424,500

Cash invested: $20,640

I purchased a small detached duplex that I plan on moving into one and keep ...

Hi All,I am looking a way to keep track of details of my property like notes, upgrades to the property, and other details about each property.

I can't even access all of my old property reports that I created with the calculator in the past couple months without upgrading to BP Pro.

If you want to do upgrades to rent it, don't go crazy with it.

With strategic upgrades and efficient project management, we turned this investment into a profitable success, showcasing the power of smart renovations and market expertise.

My name and my daughter’s name(s) are also in title and the loan.I have really good equity in both properties (six figure) with great interest rates.At some point my daughters and their husbands will move out to upgrade to something bigger.I want to turn these properties into investment properties after my daughters move out:  thinking the best way is to convert in my name only.Also considering leveraging the equity in the properties to help buy new homes/townhomes for my daughters when they are ready as well.Wondering what the best strategies would be for me to expand property portfolio, minimize tax impact , create more passive income while continuing to help my family grow.I appreciate any advice! 

The 70% rule is a good starting point, but also factor in local market trends and high-ROI upgrades like kitchen and bathroom updates, modern flooring, and curb appeal.

Purchase price: $175,000 Cash invested: $35,000Buyout property that needed significant upgrades to bring to rental market in 2022.

The ground floor was redesigned for retail units, while the upper floors were converted into modern, open-concept office spaces.Modern Amenities: Introduced features like energy-efficient lighting, upgraded HVAC systems, and high-speed internet infrastructure.Aesthetic Upgrade: Refreshed the façade with contemporary materials while preserving historical elements to maintain its character.OutcomesIncreased Occupancy: The property went from 40% to 95% occupancy within six months of renovation.Higher Rental Rates: Upgraded spaces commanded rental rates 30% higher than before.Enhanced Property Value: The property's appraised value increased by 50% post-renovation.Investor's ROIBy investing in smart architectural design, the investor not only revitalized a neglected property but also significantly boosted their ROI through higher rental income and property appreciation.