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All Forum Posts by: Shannon P.

Shannon P. has started 1 posts and replied 3 times.

Multi-Family and Apartment Investing

Post: Is it time to sell my house-hacked duplex?

Shannon P.Posted
  • Rental Property Investor
  • Richmond, VA
  • Posts 3
  • Votes 0

@Jaysen Medhurst I really like the suggestion that Cassi gave in reference to HELOC. You suggested selling, could you share with me why vs. HELOC?

Thanks by the way!

0 Votes
Multi-Family and Apartment Investing

Post: Is it time to sell my house-hacked duplex?

Shannon P.Posted
  • Rental Property Investor
  • Richmond, VA
  • Posts 3
  • Votes 0

Hi Cassi,

The monthly payment is $805. I think that the HELOC may be a great option as it would give me access to cash and the income from renting.

Thanks

0 Votes
Multi-Family and Apartment Investing

Post: Is it time to sell my house-hacked duplex?

Shannon P.Posted
  • Rental Property Investor
  • Richmond, VA
  • Posts 3
  • Votes 0

I purchased my first duplex in 2016 for $65K and put around $50K in renovations.  I live in one side and a renter on the other side.  Just had the house appraised and it came in at $189K.  Should I move out and collect market rent of $850/per unit, refi/cash out or sell and invest in a quad?

0 Votes