All Forum Posts by: Frank Wong

Hi Chris,

I think it really depends on what you are looking for.  Nothing like cashing out on an incredible real estate run the Bay Area is having.  Cash is king like they say.   You can buy multiple rental properties in the new market you live in depending in the price range.  This will allow you to have passive income and still be vested in real estate.   This strategy will surely create more cash flow on your money than have 1 rental property in the San Jose.  

Very valid points made by others that selling now could price yourself out if you ever decide to move back.   Then again,  what is wrong with renting?  You can always move back and rent.  Nothing wrong with that.  Especially if you have multiple homes paying your rent.

I am not a big fan of refinancing out of the property and keeping it.  Will you take on bigger debt to leverage for more debt?   Not saying it doesn't work but not my cup of tea.  

Sometimes your initial gut feeling is the right one.  Cashing out and sitting on the sidelines is also a plan.  

Hope this helps