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Updated over 7 years ago on . Most recent reply

User Stats

138
Posts
130
Votes
Rodney Miller
  • Lender
  • Oklahoma City, OK
130
Votes |
138
Posts

Should liquidate some assetts in this crazy market?

Rodney Miller
  • Lender
  • Oklahoma City, OK
Posted

There's probably no white or black answer for this but I'm gonna ask anyway.   I own a couple of non-real estate related businesses that throw off pretty good cash flow and support my family.  I also have about 100 rental properties that are on short term payoffs (5-7 year mortgages) and a free and clear commercial building in a crazy hot downtown area that has been undergoing a major revitalization for the last several years.   I think I could sell the building for top dollar right now (1 - 1.2 million)  I am currently learning about multi-family and want to purchase a sizable property with OPM as well as using the equity from my building so I have plenty of skin in the game.  The problem is Multifamily and commercial real estate, in general, seems to be a seller's market right now.  Lot's of building going on and absorption seems to be slowing quite a bit.  My question is:  Should I sell my commercial building to free up some liquidity while I am learning Multifamily, building my investor base,  and preparing for a market correction? I am very patient and want to act on a solid deal, just like to be prepared when one comes along. 

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