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Updated over 4 years ago,

User Stats

121
Posts
14
Votes
Abad Marroquin
Pro Member
  • Chatsworth, GA
14
Votes |
121
Posts

Should I sell it or refinance it?

Abad Marroquin
Pro Member
  • Chatsworth, GA
Posted

I bought a 28 Unit apartment in 2018. I have updated 90% of the units, increased rents and increased the NOI. Interest rate is 5.5% with a balloon payment of five years. Even though it a D class property, It's cash flowing nicely at this time. Sometimes I think I should refinance to get better terms and pull some money out to continue investing. On the hand, I'm tempted to sell it and then repeat the process again.

  • Abad Marroquin
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