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Updated over 9 years ago,

User Stats

93
Posts
13
Votes
Tou V.
  • Stockton, CA
13
Votes |
93
Posts

My dilemma: Invest locally, San Francisco / Bay, or out of state?

Tou V.
  • Stockton, CA
Posted

Here's my dilemma.  I took out $200k from one of my properties and have to use it to generate more income.  I've gotten some feedback and opinions from others.  Just wanted to post it here to see what some of the professionals think.  Should I put $200k down on 16 - Midwest units which (hypothetically) may return $4000 ($250 x 16 - which is reasonable using 50% rule and real returns from users on BP) monthly cash flow immediately and hopefully continues to perform. Even if it only performed half as good $2000 monthly income, I'd even be able to accept that as the $200k is costing me $1100 month to borrow. Or, use that $200k on a SF / Bay property and get 0 or minimal monthly income, but know what the property will appreciate and in a few years and when rents go up, should return some monthly cash flow. The SF property definitely not going to return around $4000 a month anytime soon. What are your thoughts? I really appreciate what everyone has said.

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