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Updated almost 12 years ago on . Most recent reply

Cole Palmer's profile image
Cole Palmer's profile image
Cole Palmer
  • from Yorba Linda, California
  • Member since Jun 16, 2012
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Cole Palmer's profile image
Cole Palmer's profile image
Cole Palmer
  • from Yorba Linda, California
  • Member since Jun 16, 2012
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Cole Palmer
  • Yorba Linda, CA
1
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General Real Estate Investing

What is best buy and hold play... Looking for recommendations

Cole Palmer
  • Yorba Linda, CA
Posted

We have 40k in equity in our first rental condo and 40k cash for our next buying opportunity. We want to leverage our equity and cash together to buy 1 or 2 more rental properties residential or commercial or one of each. What are some options?

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Rob Gillespie's profile image
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Rob Gillespie
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  • from Cleveland, OH
  • Member since Mar 11, 2011
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Rob Gillespie's profile image
Rob Gillespie's profile image
Rob Gillespie
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  • from Cleveland, OH
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Rob Gillespie
  • Specialist
  • Cleveland, OH
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Rob Gillespie
  • Specialist
  • Cleveland, OH
Replied

Cole,
I am gonna catch heck for this. I am a complete believer in buying and holding without a mortgage. I would grab 2 free and clears that throw 800 per month each and go from there. they are available in my area of NE Ohio. You can probably also find them in Michigan around Detroit. Good Luck!

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