All Forum Posts by: Anna Chan

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Anna Chan has started 2 posts and replied 2 times.

Hey guys - I need your advice.

I'm looking to purchase my first duplex in Denver that would cash flow ~$800/month. However both units have tenants, one with a lease ending Jan 2021, and the other Dec 2021. They are both nail technicians so I'm unsure how stable their jobs will be with the covid situation. The seller is not willing to amend the lease or do cash for keys.

Otherwise the property is in a great location and cash flows well, the biggest risk is carrying on these tenants for about a year. What do you guys think? Appreciate your advice!

0 Votes

Hi! I just bought my first 3 unit property in Brooklyn, NY with a residential loan. We plan to house hack. I'm debating whether to convert to a 6 unit and pay cash for reno, but if so will I need to get a new commercial mortgage? Or can I keep my existing loan. Thanks in advance for any help or advice.

0 Votes