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Updated over 7 years ago on . Most recent reply
What would you do in this SFR scenario?
We love to hear from those smarter than we are! What would you do?
You have 17 SFR rentals. You are tired of managing them yourself, but to hire a property manager would hit the cash flow bottom line too much for you to stomach. You decide to sell 5 for a net profit of $131,000 to lessen the workload. What do you do with the $131,000 assuming you want to stay in the SFR space?
Do you:
A: Tuck the cash away ready to ponce on the next downturn
B: Buy more flips while you wait
C: Use the equity to pay down/off, let's say 2 of the remaining rentals to replace the cash flow you lost and take out a business line of credit to fund future flips/acquisition
D. An altogether different and brilliant strategy you thought of all by yourself! Defend your answer!