Innovative Strategies
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
Alternative real estate investments?
I own 1 rental property that I bought 10 years ago. I let it sit and have been collecting rent on it... In the meantime, I had a family and am busy w/ my career. So then I started reading about the BRRR strategy and how if I take $$ out of this property I can buy another, fix it up, rent it, then buy another, and again and again. That sounded like lots of fun. So I did a cash out refi on the rental and I just got almost 200K back now. Instead of the property cash-flowing at $600/m in my favor, its now a break even and I still have 25% equity in it. I'll raise the rent soon too, so not too worried about that..
However, in the meantime I decided I don't want to be a landlord any more. I cant decide what a good way to reinvest the $$ is. I want to keep it in real estate without being a LL and i don’t want it in the stock marker. I was considering crowdfunding / syndications but am new to that too. Any suggestions?