What would you do with $200,000?

[Jonathan Bombaci]

What would you do with a couple hundred thousand dollars?

I own a few properties in northern NH that have seen some fantastic appreciation recently due to covid and I am thinking about refinancing them to free up at least $200k. I don’t have any particular plans for the money other than to take advantage of cheap debt and use the money for downpayments on future buy and holds but I’m curious what others would do in this situation. 

The refinance will hurt my existing cashflow at this group of properties but it’ll actually shorten my payoff period from 23 years to 20 years due to the change in loan product. 

[Lee Ripma]

@Jonathan Bombaci

Dump it all into crypto bro! JK, I use capital chunks like that to buy small MF, force appreciation, and trade up into new projects (2-3 year timeline on each). I’ve done a lot of things in RE and I love the effort adjusted returns on value small MF. However, you may be in a different phase of life and investing, so that question will always be a personal one for you at this time.