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Updated over 9 years ago,
Planning to invest in multifamily unit...
I live in Thousand Oaks California. I have one single family rental unit(zillow estimate $650000). I have a equity of $250,000. I don't have positive cash flow in this property. I have one rental condo unit in Simi Valley with position cash flow of $150/month. The property is worth $175000 (Equity - $60,000). I am planning sell my Single family home and invest in Phoenix, AZ for multi family unit. Please suggest how do I need plan out to build my rental empire