All Forum Posts by: Chris Antonelli

There would have to be a lease agreement in place for the entire term, that should prevent any issues I imagine?

Fair point, but my journey also started a while back.  I own 20 doors which provides nice income.  Had ups and downs along the way as I'm sure many people have.  If I'd waited for the perfect time to acquire my first door I would never have been able to get the rest.  Have another opportunity and just trying to take advantage......

Agreed about the credit but my plan would be to pre pay the full amount out of proceeds...  . 

All good points, appreciate you taking the time to make them!

Rents are actually quite a bit higher than my mortgage payment.....

explored that option but rates are really absurd, makes it a financial death wish.... 

As an investor myself, I can appreciate that.  I have a bottom line amount I want to get and don't really care how I get there which is why I thought there might be some options.....

Own a home in desirable country club community outside of Washington DC.  Want to sell and stay for at least 4 years until kids in college.  Reason:  Want to access equity for new business but credit not good so selling and finding a rental not a good option.  Proposal 1:  Sell well below market value and stay either rent free or very low rent while continuing to be responsible for all repairs and upkeep.  Proposal 2:  Sell at market value and prepay 4 years of rent from the proceeds, standard lease terms. Thoughts?