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Updated about 10 years ago on . Most recent reply

Joseph Benedict's profile image
Joseph Benedict's profile image
Joseph Benedict
  • Investor
  • from Muskegon, Michigan
  • Member since Apr 5, 2014
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Joseph Benedict's profile image
Joseph Benedict's profile image
Joseph Benedict
  • Investor
  • from Muskegon, Michigan
  • Member since Apr 5, 2014
Connect
Joseph Benedict
  • Investor
  • Muskegon, MI
1
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6
Posts
General Real Estate Investing

Leverage

Joseph Benedict
  • Investor
  • Muskegon, MI
Posted

I am looking for some opinions. I have 9 SFH properties, each paid for. I have found another rental house that I would like to purchase and have an unused equity line on one of the other rental properties that will cover the purchase of the new. The new purchase should have a positive monthly cash flow of $300.00 +/-. What's your thoughts?

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Wilson Churchill's profile image
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Wilson Churchill
  • from Madison Heights, Michigan
  • Member since Apr 7, 2014
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Wilson Churchill's profile image
Wilson Churchill's profile image
Wilson Churchill
  • from Madison Heights, Michigan
  • Member since Apr 7, 2014
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Wilson Churchill
  • Madison Heights, MI
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471
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Wilson Churchill
  • Madison Heights, MI
Replied

Depending on the cash flow, you could leverage all of the properties, so long as you have adequate cash reserves. Why not sit on the cash and use leverage to acquire additional properties?

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