All Forum Posts by: Josh R.

 I am incredibly interested in hearing more about this. I never even considered something like this. Would you be ok with jumping on a call with me as I am trying to wrap my head around this? Thank you for taking the time out to give me another idea on how to tackle this!

 thats a fair point. I do have other options to invest in the market till the Real Estate comes back I guess I am just getting impatient.

 Its possible but it would still be close to wiping out the rest of the cash flow I have due to the loan principal/interest payment. I feel the ROE needs to be redeployed but with intention. Its like sitting on a gold mine without being able to pull the gold out

 Thats an idea.. Hard money to collateralize the equity... ill look into that as an option

the issue with the refi is those rates at the new loan if i do a 75% LTV will almost overcome the cash flow its producing now and basically get to a break even point. I have other apartments as well that I could wrap all into one big 1031 exchange but probably need to identify the deal before I even try and sell the whole portfolio to trade up... I know its a nuance to try and 1031 and hope the deal is still there when my properties sell. I just know the 500k sitting there needs to work harder that what it is

Hi BP Peeps,

So I have run into a good problem. Long story short, my portfolio's equity has grown to the point where the return on equity is so low that it has forced me to consider selling my 14 unit apartment building. 4 years ago when I bought this property for 445k and I dumped in 200k and has performed incredibly well and rents have grown, the building is now worth around 1.1M. I owe 650k. As you can tell there is a large amount of money sitting there , to which has made my cash flow now negligible at best when considering ROE. To top it off my my 5 year balloon comes up next year and the interest rate almost doubles from where it was from 4.75 to 8%. I could sell my entire portfolio of 28 doors and pull the leverage lever OR I could sell this 14 unit and pay for something in all cash and do a lazy 1031 exchange, or do a regular 1031 which puts more pressure on the time frame. 

To the other people who have faced this issue with too much equity sitting around and the need to grow, what would you do with this? Sell, STR, partner on bigger deal, etc?

Thanks for the ideas!

Josh

Hi BP'ers!!

Come have a beer(or your favorite drink), get some food and network with other local investors. This is a great opportunity for new as well as seasoned investors to network and build lasting relationships. People from all areas of Real Estate are encouraged to come regardless of experience level. Residential, Commercial, Wholesalers, Contractors, Flippers, Real Estate Agents/Brokers, Property Managers, Lenders, and Rental Property Owners.

We are meeting at: LazyG Brewhouse. We will have our own dedicated space for networking. Please tag those I may have missed. Look forward to seeing everyone there!

* No RSVP is necessary, but if you know for sure you're coming, mention it on this thread. It helps others see that you will be there.

* Please tag others for attention so no one misses this post!

Keywords: Prescott, Phoenix, Prescott Valley, Verde Valley, Sedona, Flagstaff, Cottonwood, Williamson, Clarkdale, Jerome, Paulden

I hope to see you all there!

Please tag all those who would be interested! We will add you to our list of attendees as well as our email list.

LazyG Brewhouse
220 W Leroux St,
Prescott, AZ 86303
928-445-2994

Yaaaas! A topic I am most interested in down here in Tampa.. Looking forward to it :)

In the area and looking forward to meeting everyone here!

Hi BP'ers!!

Come have a beer(or your favorite drink), get some food and network with other local investors. This is a great opportunity for new as well as seasoned investors to network and build lasting relationships. People from all areas of Real Estate are encouraged to come regardless of experience level. Residential, Commercial, Wholesalers, Contractors, Flippers, Real Estate Agents/Brokers, Property Managers, Lenders, and Rental Property Owners.

We are meeting at: Pickled Onion in Raleigh off of Glenwood. We will have our own dedicated space for networking. We will be eating outside in our own area. Please tag those I may have missed. Look forward to seeing everyone there!

* No RSVP is necessary, but if you know for sure you're coming, mention it on this thread. It helps others see that you will be there.

* Please tag others for attention so no one misses this post!

Keywords: Apex, Cary, Raleigh, Durham, Morrisville, Wake Forest, Chapel Hill, Clayton, Garner, Fuquay Varina, Knightdale, Mebane, Zebulon, Creedmoor, Roxboro, Goldsboro, Smithfield, Sanford, Holly Springs, Angier, Wendell, Youngsville, Franklinton, Louisburg, Oxford, Hillsborough, Burlington, Siler City, Pittsboro, Lillington, Fayetteville, Triangle, RTP, RDU, Research Triangle

I hope to see you all there

Please tag all those who would be interested! We will add you to our list of attendees as well as our email list.

(919) 977-0031 • 8511 Cantilever Way • Raleigh NC 27613

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