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Updated over 2 years ago,
If you have two niche properties but want to buy more rentals
Hi There!
I'd love input on what I have going on over here. I have three properties, and my goal is to acquire more rentals. One of my properties is in town and brings in $700/mo. My second property is in a highly sought-after area not far from town on 5 acres that I've remodeled with $250k of equity that I've rented out to clients that are house shopping (only covering mortgage). My third property is my primary that I've completely remodeled and sits on 4 acres down the street from the lake where I now have around $430k of equity. My goal is to acquire more properties that generate passive income by incorporating the BRRRR technique but I feel I need to sacrifice one of my country properties in order to get started. Is it worth selling a highly desirable country property knowing that I could never buy one of these again for what I paid or is there another alternative that I'm not thinking of? Most of my money has been sunk into remodeling both properties.
Thank you in Advance!