Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago,

User Stats

229
Posts
159
Votes
Chris Armstrong
  • Realtor
  • Charleston, SC
159
Votes |
229
Posts

Thoughts about what to do with cash flow, reinvestment and growth

Chris Armstrong
  • Realtor
  • Charleston, SC
Posted

I just want to get the perspective of some folks who have a little more experience in this area than I do, I would love to know the other perspectives that I am not seeing. One of my favorite quotes is " you don't know what you don't know" so lets see what the consensus is. 

I have 3 properties at the moment. One is completely paid off, the other two have mortgages on them. I generate significant cash flow per month ($2000+ per house) after all expenses. My ability to borrow money is very limited right now (~$100k) because of the amount of money I make at my W-2 job and my current debt load. I owe a total of $210K on the other two properties.  Currently I am taking the extra cash flow and plowing it back into the mortgages to pay them down as quickly as possible and I should be done and own all three within four years. I literally do not take $0.01 from the business right now.  My question is, is this the best approach to building a portfolio? 

I know I could cash out refinance the property that is owned outright or get HELOCs, there are many things I could do. I just want to know what others in this situation have done and their thoughts. Thanks 

Loading replies...