Selling and scaling

[Christopher Mooney]

Hey all!

just listened to the latest Seeing Greene (ep. 747). In it David mentions selling a property and buying two or more with the proceeds, to get double appreciation, double debt pay down, etc. 

My question is, if I own a property free and clear, worth maybe $120K, and let’s say I sell and reinvest into two larger properties, putting $60K down on each, what are the key metrics to look at? What thing do you consider when doing this? How can I ensure I’m making a savvy investment by doing this type of move?

Also, in this scenario, assuming all $120K needs to be 103’d, any rehab budget seems to require just cash or a private loan, right? Anything creative you’d consider here?