Should you hold your chips or DoubleDown ?

[Kervin Simon]

Good Morning BP Family,

I wanted to pick the brain of my seasoned investors. I recently completed a refinance that I am grateful for because of the hurdles and it took longer time then expected. Now I am a little torn because I want to reinvest the funds for a multi-family, but my DTI ratio is high and I am working on cutting that down.

Should I hold onto the funds and get the DTI down prior to the next step or should I look into multi-family right now ?

[Todd Dexheimer]

How well do your properties cash flow and what are your cash reserves? If they cash flow nicely and you have 6+ months of reserves, then keep buying. If not, then I would consider holding tight and work on those things. 

It’s great to keep buying, but a recession will happen eventually and if you lose everything you worked so hard to build because you spread yourself thin, what’s the point?