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Updated over 8 years ago,
What would you do?
Hello BP! Although I've bought 11 investment properties (9 Flips, 2 buy rehab & holds) over the last 4 years I still consider myself somewhat new to this investment game and I'm at a crossroads as to what my next steps are. Essentially we (my LLC which I'm 50/50 with a business partner) currently have 1 property in our portfolio. It's being rented out and we have a great tenant in place who wants to be in the house long term. The Property is located in Clinton Twp, MI, is worth approximately $150,000 and is getting $1,400 a month in rent and is free & clear. I don't have access to anymore cash and would look to leverage this property in some way.
I'm curious to hear what you fine investors of BP would do in this scenario? How would you finance and what would you invest in? And to be clear, I really do want to know what YOU would do. I totally understand that what I ultimately end up doing really depends on my personal goals. Looking forward to reading the responses...