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Updated almost 7 years ago,

User Stats

16
Posts
7
Votes
Terrence Williams
  • Flipper/Rehabber
  • Tacoma, WA
7
Votes |
16
Posts

SELL or REFI rentals to buy apartment buildings??

Terrence Williams
  • Flipper/Rehabber
  • Tacoma, WA
Posted
I'm struggling with what to do with this and I'm hoping to get some input from some experienced investors. My goal for this year is to get out of flipping and focus on my rental portfolio. specifically apartment buildings. I need to put a strategic plan together to get going. I have a hand full of rental homes that I owe next to nothing on. The rents that I bring in from them is really really good. I could do a cash out refi to have quite a bit for a dp on a 2 to 3M apartment building but the. I would be making next to nothing on rental where it would seem worth the headache. Selling a few and doing a 1031 was another idea I thought of. Has anyone been down this road that could shed some knowledge on the transition? I feel like my passive income would be much great with the apartment buildings and much easier to manage than the rental homes.

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