Updated over 11 years ago on . Most recent reply
Live in my rental?
I don't know if I'm really looking for an answer, advice, or just getting something off my chest.
To make this quick, I will be complete with my very first property this weekend. Its actually done now, just needs to be cleaned. Its a duplex but I only had the funds to finish the lower not the upper.
The property is in the hood, not too be bad of an area (I've lived in worse) but nonetheless still the hood. I currently rent a apartment in the suburbs. I have seriously been considering moving into it temporarily and using the money I've been paying for rent to just rehab the upper.
Financially I know its smart but I spent the last few years of my life trying to get out the hood and now that I'm out I really do not want to go back.
Has anyone here ever decided to move in one of their investments in order to save money or to complete a job easier? Would you do it? Why or why not?
Most Popular Reply
Nope, would not do that. If you have got yourself out of the hood, why would you go back? You would know first hand that investments in those neighborhoods typically turn out to be losers all the way around. Just my opinion.
Flip this deal fast, get out, make a few bucks and move on!!
Good luck
- Curt Davis
