Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

4
Posts
0
Votes
Nicholas Meyerhoff
  • Investor
  • NY (suffolk county)
0
Votes |
4
Posts

1st house finishing basement apt to rent and move on?

Nicholas Meyerhoff
  • Investor
  • NY (suffolk county)
Posted

I bought my first house. Doing the work my self. I’m finishing the basement to rent and move on to my second. How long does it take to see a profit. I’m also afraid I’m putting to much work into the house. Because I’m living there. How do I know when to stop. What’s a benefit for more income or just me building?

Most Popular Reply

User Stats

1,981
Posts
1,198
Votes
Bryan O.
  • Specialist
  • Lakewood, CO
1,198
Votes |
1,981
Posts
Bryan O.
  • Specialist
  • Lakewood, CO
Replied

@Nicholas Meyerhoff pick you finish level, then build to it. It takes however long you take to finish the work. If you are slow and it takes you a year, then it takes you a year. If you are fast then not. You get more than one benefit: you learn how to do the work if you didn't know, you get better at it if you did, you save the money that would be spent paying someone and raise the value of the home, then you bring in extra income to repay all the time/costs and build your wealth.

If you have any specific question it would help to have enough information to be able to help. Your post as it stands is like calling someone and asking, "How do I get there?" when they have no idea where you're going or where you are.

Loading replies...