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Updated over 6 years ago on . Most recent reply

Shannon P.'s profile image
Shannon P.'s profile image
Shannon P.
  • Rental Property Investor
  • from Richmond, VA
  • Member since Feb 21, 2016
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Shannon P.'s profile image
Shannon P.'s profile image
Shannon P.
  • Rental Property Investor
  • from Richmond, VA
  • Member since Feb 21, 2016
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Shannon P.
  • Rental Property Investor
  • Richmond, VA
0
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Multi-Family and Apartment Investing

Is it time to sell my house-hacked duplex?

Shannon P.
  • Rental Property Investor
  • Richmond, VA
Posted

I purchased my first duplex in 2016 for $65K and put around $50K in renovations.  I live in one side and a renter on the other side.  Just had the house appraised and it came in at $189K.  Should I move out and collect market rent of $850/per unit, refi/cash out or sell and invest in a quad?

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Corby Goade's profile image
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Corby Goade
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  • from Boise, ID
  • Member since Aug 24, 2014
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Corby Goade's profile image
Corby Goade's profile image
Corby Goade
  • Investor
  • from Boise, ID
  • Member since Aug 24, 2014
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Corby Goade
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  • Boise, ID
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Corby Goade
  • Investor
  • Boise, ID
Replied

I agree with @Cassi Justiz. If you have a solid cash flowing investment, you don't have to sell it to tap in to the equity, you can leverage it and leave a trail of cash flowing investments behind you- that's the goal, no?

  • Corby Goade
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