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Updated about 8 years ago, 11/07/2016
sell and buy more or hold?
I'm looking for some advice on how to maximize my earning potential.
1. Should I sell the property I own to buy more? Or be patient and keep buying, holding, renting?
So far I'm off to a great start.
I hooked up with a wholesaler who also happens to be my property manager. I picked up 4 rentals this year...(paid cash).
I'm all-in these 4 rentals for 153k. The actual value of these properties is 235k.
They cash flow roughly 32k a year. This is after management fees and taxes. This doesn't include vacancies and maintenance.
I have a full time job that keeps me away from my family. Looking to quit my job asap and live off my RE investments.
I'm currently cash poor also as I've spent my savings on these 4 deals. It will be 6 months before I can buy another prop.
What would you do?
Side note: Just because these 4 units are worth 235k doesn't mean I could quickly sell them for 235k.