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Updated over 2 years ago on . Most recent reply

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Steven L.
  • El Cajon, CA
2
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To Sell, or Not to Sell - That is the question.

Steven L.
  • El Cajon, CA
Posted

Hello, I am new to the community and thought this would be a great place for some input/feedback. Currently, I own a rental condo that is cash flowing a decent amount every month and I also have a good amount of equity. My goal is to methodically build up my Rental Property portfolio. I am looking for some feedback as to whether or not I should sell the condo (at current prices) or keep as is due to the fact that it is cash flowing well. Any feedback would be appreciated, thanks!

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Erik Estrada
#4 Mortgage Brokers & Lenders Contributor
  • Lender
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Erik Estrada
#4 Mortgage Brokers & Lenders Contributor
  • Lender
Replied

If you have enough equity and the property cash flows well, why not do a cash out refinance and use those funds to buy more properties? 

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