Account Closed
Single Meter Duplex-- Utility costs getting out of hand??
Hi all. Last year I purchased my first rental (BRRRR) for $115,000, and put around $30,000 into repairs. It appraised for last month at $220,000 in which I was able to do a cash-out refi and pull almost $30k back out....
Micah Redden
Net Worth vs. Cash Flow
Hello,I have a question about long term strategy. I currently have several rental properties that I own and that generate great cash flow. However, I was able to purchase these when the market was more depressed tha...
Kristina Heimstaedt
Will solar panels allow me to increase rent to tenants?
Hi all,I know the upfront cost of solar panels is significant. However, I'm wondering if I can pass the extra $50-$100/month to the tenant with the expectation to increase the demand for my property. Does anyone have ...
Eric Jelen
The Millionaire Real Estate Investor by Gary Kelley, Dave Jenks, Jay Papasan
I know the "The Millionaire Real Estate Investor" is one of the most popular books on REI. I just finished the book last week and it seemed to have different ideology than the majority of investors on the forum and o...
Patrick Brodeur
Heloc or refi on 4plex from march
I bought a 4 plex in march, at 4% have done a significant amount of work: new roof, new ac/heater in one unit, and completely redid a whole unit. Is it worth getting reappraised now? would this plus the increase in th...
Ross Spindler
Depreciate Duplex that increased in value
Hey everyone,
I'm pretty new to investment properties and am looking for some tax advice.... I bought a duplex about 2 years ago for $200k where I live on one side and rent the other side for $1500 per month. I also...
Joe P.
Should I refinance by duplex?
Hi all -- looking for your opinions on this. I have a duplex in NJ and my mortgage loan is a 30 year, 5.625% rate, 77,175 initial balance, opened August 2018. It's now down to about ~75,000. My principal and interest ...
Juan Erick Rico Avalos
Should I remove a good tenant for more cashflow?
Hello BiggerPockets, I am closing on my first rental property in a week. This property is a duplex that I will be house hacking. Both units are occupied at the moment with Long term tenants. Both have been living ther...
Kay Hart
Long time tenant but it's time for an increase
I have a husband and wife tenant who has been renting for us for over 6 years at the same rent. It is however time for a rent increase.I know they will not be happy, But rents in our area has skyrocketed and even thou...
Ryan Thomson
Should I House Hack or Rent?
Interest rates and high purchase prices are pushing a lot of people away from buying. Most are turning to renting, but is that the best move right now? Will House Hacking prove to be better than Renting over the span ...