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Updated over 6 years ago,

User Stats

6
Posts
0
Votes
Elvin Reyes
  • Rental Property Investor
  • Central New Jersey
0
Votes |
6
Posts

I have no strategy- need advice on how to proceed -

Elvin Reyes
  • Rental Property Investor
  • Central New Jersey
Posted

I own 5 properties (4 rentals)  but I need a mentor. My current dilemma is, what to do next?  Should I sell properties with high amounts of equity? I could use that money to transition into the bigger investments (apartment complex).

I have two properties in California which do not bring me that much positive cash flow, but have gained a lot of value over the last 5 years.

I also own a property (cash purchase) which still in rehab. Should I sell or BRRR ? Rent estimate $1,100 - $1,300 ARV $90,000

My goal is to own an apartment complex. I was thinking of selling all properties for a down payment on a bigger commercial loan for a multifamily.

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