All Forum Posts by: Amber Schreck

@Frank Procopio thank you! Definitely makes the most sense for tax purposes

@Mack Benson you bring up a great point. That is also something I’ve been thinking about. I agree refi would be best for tax purposes. Definitely should use that with some weight in our decision! Thank you for your insight

@Todd Pultz very true! We are definitely more open to the idea of financing now that we’ve exhausted so much cash. Thank you!

@John Morgan wow that is a very good point. I agree, thank you!

@Chad Lanting I do think it will perform well over time. I really like the idea of keeping it as an asset and continuing to obtain other properties! Thanks for your insight on this !

My partner and I have invested in a commercial property with 4 units.. we went all in on this property in a tax repo. (All Cash) We are at a crossroads of what to do next.

We were originally thinking of selling after doing a few repairs, and tripling our money. (We got a pretty great deal).. but we are realizing that this property has great potential for monthly income. The units are already rented.

Which brings me to my point of refinancing . Because we need the cash to buy more properties. We could refinance for the amount that we would sell the property for. The income from the units would pay off the mortgage and then some.

This is my first property and I am looking for a little insight!

Do we stay debt free and sell?

Or do we leverage ourselves and grow our business faster?

My partner and I have invested in a commercial property with 4 units.. we went all in on this property in a tax repo. (All Cash) We are at a crossroads of what to do next.

We were originally thinking of selling after doing a few repairs, and tripling our money. (We got a pretty great deal).. but we are realizing that this property has great potential for monthly income. The units are already rented.

Which brings me to my point of refinancing . Because we need the cash to buy more properties. We could refinance for the amount that we would sell the property for. The income from the units would pay off the mortgage and then some.

This is my first property and I am looking for a little insight!

Do we stay debt free and sell?

Or do we leverage ourselves and grow our business faster?