All Forum Posts by: Adrian Veideman

My wife and I purchased a new home and converted our old one into a rental.  The capital gains exemption is up next year and I just wanted to see what kind of guidance you awesome investors could give me.  The property has 275k worth of equity in it and the mortgage is at 3.625%, we are currently renting it for $2850 a month and cashflow $1100 of that.  Would you sell it and roll it into a multi unit?  Keep it and just let it chug along with the current cashflow?  Thank you all for your guidance!

Looking for some guidance from all of you. I purchased a single family home in 2013 solely for investment purpose and knowing that we would only live in it for 3-5 years and convert it into a rental. The time came (growing family) and we just closed on a new personal residence and paid for it using 80% LTV. The debt service on our rental is $1750 and we are getting $2850 a month rent. I also have an $80,000 HELOC on the property. The property has approx $240,000 in equity in it.

My main question is, how would you tackle the situation if you are looking to build your portfolio in a tough market (Denver)?  I am sure there are a few options in regards to the rental, I just want to see what you all have to say about it.  Thanks much!