All Forum Posts by: Joel O'Leary

Hey Merlin,

Some thoughts that might help with your questions:

- If your equity can get you a higher return elsewhere, maybe it's time to shuffle money around. (Eg. You've got over 100K tied up in the CO home, and making ~5k/yr cash return... Can you find new investments today that can give you more than 5k/y cashflow for your 100k? (This math is oversimplified - Realize there are other factors like appreciation, principal pay down etc. that contribute to full ROI).

- Have you looked into refinancing vs. selling off your existing places?  This gives you access to cash without letting go of your portfolio. You are not taxed on the money you borrow - you are taxed on the profits if you sell. 

- I don't think you need to "take all $170k out" to buy a new multi-family property. I say this because the cashflowing duplex/fourplexes in B/CS area seem to be around 200-300k purchase price. You shouldn't need that much capital to buy these. Unless you're looking at 5+ units?

- Any big decision you make should relate directly back to your goals. If it's cashflow, go get it. If it's a certain number of properties, go get it.  If it's fully paying off your properties, go do it.  Everyone i've talked to has a different benchmark for when to sell properties - usually the time to sell related back to what you're trying to achieve in the long run.

Would love to chat more. Message me directly and maybe we can chat over the phone. Would love to hear where you are looking in BCS and we can compare notes.

Cheers,

Joel