Medium-Term Rentals
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated 3 months ago on . Most recent reply

Selling one home to get three - smart or stupid?
Brand new to real estate investing - I currently have 1 3/2 ranch in good market (Greensboro/WS/ Highpoint) used for furnished medium term rentals. It's been great - the property is 100% paid off and the house is worth 300-340k generating approx $2300/mo (that's after utilities/management fees etc.)
I'm considering selling the property to buy 3 more within the same price range in the same market. I'd be able to put 20% down on each and have money left over for some repairs/updates.
It seems like I'd initially take on more stress, less initial return but the long term scalability seems great. (Ideally I'd like to hold the homes a long as possible)
Would love some feedback from the BP community
Most Popular Reply

A lot of people really undervalue the power of a few paid off assets. Your property is generating 2300 in cash flow, thats incredible. People out here are bidding over asking price to cash flow 100 bucks a month on a 150k investment.
Rates are high right now and I think you have a great situation here for you. Don't forget - 3 properties thats 3x the headaches.
You have 100% equity and amazing cash flow. Personally, in this market, I would work on saving up and really doing my best to find a great opportunity and pull the trigger then. Otherwise, I would sit on that property collect the cash flow and seek out great opporunities.
Finding 1 solid deal this year could be your goal. Even finding 1 is tough in todays market, let alone 3!
Good luck
- Alan Asriants
- [email protected]
- 267-767-0111
