All Forum Posts by: Fred Langley

I'd really like to stick with the previous places mentioned, but if there was a special deal...I'd look at it.

Hey All,

I'm looking for *Multi Family Detroit area; Roseville, St. Claire Shores, Warren

Fred

Hey Rory, I just joined BiggerPockets and am trying to hook up with locals and talk real estate sometime.

Fred

Love to get together with you Bill. You're from Wyoming?

Fred

I'd like to introduce myself, Im a Newb in Wyoming, I look forward to learning from as many people as possible in the Forums. I have a couple properties but am looking to get more aggressive.

Fred

thanks @ Bill S.

I'm looking at a 6 unit place now, but we're far apart

I'm new to BP, so if this is not posted in the right forum I apologize.

I currently have an investment condo in downtown Denver, my Principle Balance is $161k, and the value is roughly $300k. 

-P & I $969.87

-HOA $358

* with Internet/Power my cost is $1408

* it's been rented consistently for 3 years w/ 2 different renters @ $ 1750 per month

* Cashflow $341

**I BELIEVE DENVER MARKET IS OVER VALUED; Gut tells me to get out...properties in my building are selling in hrs/days

I want to invest in more properties (looking for cash flow for early retirement/Detroit, Huntsville, Cleveland, Indianapolis, etc) and am wondering your opinion on the best strategy:

-refinance and pull out some equity, but keep payment the same?

-1031 exchange

-sell and pay capital gains

-other advice

Any help would be appreciated,

Fred