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All Forum Posts by: Henry Ramm

Henry Ramm has started 1 posts and replied 3 times.

No deal lined up. Just trying to figure out the smartest move going forward.  

Thanks for everyone’s advice.  I would like to keep it and raise the rent; however, my ROE would only be around 4% with the increased rent.  I wasn’t sure if it would be smarter to get the equity to work harder.  

Hey everyone,

I have a single family rental with approximately 150k equity in it. It only cash flows $65 a month after expenses; however, the rent is $500 under market. My question is should I sell the house, 1031 the profit and combine it with the additional 100k cash I have to BRRRR a better property. Or do I raise the rent, and cash out refinance, save up, to BRRRR another?

Thanks for ur advice