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Updated over 1 year ago,
To sell or not to sell...
Hi BP Team,
I am a relatively novice real estate investor in the Nashville area and have 3 LTRS. I am trying to figure out my next investment move and am considering any and all strategies. Originally my goal was to buy and hold (and still what I prefer to do) but I also know that the properties I have, have accrued a lot of equity. By selling, I would be able to put all of the earnings into a larger commercial property- I am thinking multifamily/ small apartment complex. I am focused mostly on cashflow but building appreciation is also very important to me.
So a couple of questions:
1. Is selling a good option to consider right now?
If yes, why selling verse other options? If no, what options and why?
2. What is the best way to calculate if selling would be more fruitful than tapping into the equity via a HELOC or any other funding options?
Thanks in advance for all your help!
P.S. If anyone is in the Nashville area and interested in networking, please let me know and I would be happy to get together and collaborate!