All Forum Posts by: Brian Kehoe

Hi Matt T. I'm in the same situation as you. I'm currently in a 2 family in Brooklyn living in one and renting out the other. I just had a second child and am growing out of our 2 bedroom apt. I'm thinking about buying another multifamily by taking out some equity of my current house also. I was curious how things worked out for you.

I made a purchase of a two family 3 years ago right before hurricane sandy. The house made out pretty well with minimum damage but the surrounding are got hit very bad. The homes value took a big hit but is now back up to almost what I paid for it. Im now looking to make another multi family investment in a different location. Should I sell the house now and just get back my initial payment to help me with another purchase or hold on to the property and hope for the best. I did make a decent amount of improvements to the home so I would be taking a loss.

I made a purchase of a two family 3 years ago right before hurricane sandy. The house made out pretty well with minimum damage but the surrounding are got hit very bad. The homes value took a big hit but is now back up to almost what I paid for it. Im now looking to make another multi family investment in a different location. Should I sell the house now and just get back my initial payment to help me with another purchase or hold on to the property and hope for the best. I did make a decent amount of improvements to the home so I would be taking a loss.