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Updated about 1 year ago,
Menachem KrasnjanskiPoster
Pro Member
- Rental Property Investor
- Spring Valley, NY (spring valley ny)
- 8
- Votes |
- 56
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Investing in the current economic climate
have a question in terms of my portfolio. My partners and I have a property that appreciated 50 percent in value this past year. I got an offer for SBA financing off of the new equity that can be leveraged to triple our portfolio, but it 1) comes with a personal guarantee and 2) is tied to the prime rate which is high. The property would cash flow well and give us a great cash on cash. My partner wants to sell the property and hold the cash in the bank while waiting for enough of a dip that we can get a really good deal with the profit. Which way makes more sense to proceed. Thank you.