2 Properties, now what

[Jonathan S.]

Hi All,

Scenario:

Duplex(owner occupant)- Purchased 160k, put 20k into it and current value is around 205k. Tenant covers mortgage.

SFH- Foreclosure purchase at 95k w 15% down. Mortgage is 1k and renting it out for 1650 after putting 20k in it. House acouple doors down sold for 165k.

Any advice on next steps to keep the train moving?

Thanks,

Jon

[Roger Vi]

Jonathan S. Congrats on everything so far! Sounds like an excellent start.

Since you have one duplex and one single family, I think now is a good time to decide whether you want to stick to smaller units or eventually try to move into 5+ unit buildings. A 20 unit is really just 10 duplexes with less roofs. If you can handle tenants sharing walls, there are better RE opportunities out there than SF IMO.