All Forum Posts by: Bryan Lloyd

Thanks @Brent Seehusen. Much appreciated.  I've decided to hold it and in the process of a c/o refi.  So glad I found bigger pockets.

@Aaron Vergason thanks for the input- I understand your logic.  @David Faulkner thanks as well- exactly my predicament when I consider my long-term strategy. 

Thanks @Amanda Williams.  Appreciate the advice. NC looks like a good market for this type of investing. 

Thanks @Aaron Vergason - yes, I believe it would be well north of there. Appreciate the response.

Thanks for the advice, @Joe Harper.  Definitely a worth-while exercise.  Thanks @Corey Rowell...good luck!

Hi All,

I own a condo (rental property) in Santa Monica I bought for $270k (currently owe $240k). My neighbor, whose unit mimic’s mine, sold recently for $490k. I am looking to take the next step in real estate investing and would love a bit of advice.

Big question I have: Should I sell my condo and 1031 into another property or properties to increase cash flow/ROI?

I am cash flow + about $150 per month. This takes ALL costs into consideration including repairs, vacancy % etc.

Things I think about:

-Seems as that So. Cal may be at the top of the market or close to it = great time to sell?

-I would love to own enough cash flow + investment properties to stop working in the short term.

-Since Cali is so expensive would it make sense to buy out of state, or even a turnkey situation with the amount of cash I would have to put in after the sale?

-What would be my best option to increase cash flow with this amount of cash?

Like I said, just dipping my toes in now, but looking to do a cannon ball.  I am sitting on a good situation either way, but some expert advice would really help.

Thanks much,

Bryan