All Forum Posts by: Jay Chin

Hi all!

I recently purchased a duplex and am renting out one side to a tenant that came with the duplex. She has had a year long lease then another year long lease renewal addendum with the old landlord. I am wondering if I need/should draft up a whole new lease agreement or if I should simply use the old renewal addendum (i would remake the document as I only have a picture).

Any insights would be appreciated.

Thanks!

Hi all, so I'm very new to real estate, and currently my situation is to either buy a multifamily and househack (300-400k) or a single family (<300k). Currently my loan officer (and friend) is saying that the market in san antonio, at least, is more of a buyer's market now and that you're able to get houses that are pretty discounted thus getting equity right off the bat. At first, I wanted to go the househack route, but I'm wondering what I'm really gaining from doing this that I couldn't gain from getting a single family, such as renting after I leave to fha another property and live there + gaining equity, besides decreasing my effective mortgage.

Also, I imagine in a few years as interest rates decrease, the demand for buying single family would go up and demand for multifamily/renting would go down, or atleast not increase. Overall, I'm thinking the gain in property value would be higher in a single family over the next few years. 

Am I thinking about this the right way? Any guidance would be appreciated.