All Forum Posts by: Raj P.

Hi @John B Clark Thanks for the input. Looks like I am in the same situation as yours. I m also leaning towards getting cash out while maintaining same monthly mortgage payment (+ the same monthly CF) while keeping my stocks for growth. I just wanted to find if my thinking here makes sense or if i am missing anything long-term. In my case, i am planning to keep both my investmest properties + stocks for long-term hold.

Thanks, @Justin Phillips for the insights.

Hi @Eric Veronica, Yes. i agree on the perspectives. Thank you.

@Basit Siddiqi In my case, I am getting lower mortgage rate on investment property-1 (IP-1) + same monthly payment as before + higher closing cost (which is added to my loan and evens out if i hold it for atleast 8 years). I am anyway planning to keep this for 10+ years as it is an equity builder. So, I am more inclined towards this approach than selling stocks. My thought process was that I am getting cash-out while still maintaining same monthly mortgage payment as well as no out of pocket money on this investment property. Do you think I am missing out anything here?

Hi @Dan Portka, yes, that's something I am trying to understand. Will it makes sense to take out cash with low rates to invest in an investment property (with increase in my overall debt)? The monthly CF with current investment property will not change (but for longer term + more debt). Will leveraging the extra cash out for another investment property (with decent CF) help in longer run?

i am debt-averse but the first investment property triggered the question of if actually debt makes sense (obviously with a reasonable and conservative level). At what point or what equation, should one determine 'no more debts'?

Hi BPers,

In a dilemma now and thought of posting it here to see if others are went through the same path. My goal is to invest in an investment property (Currently narrowing down the area). For the DP, I have options to either sell my stocks or do a cash-out refinance my other investment property (especially with current rate).

Provided I get the same amount by either way, what would be a wise decision in long run?

TIA

@Navid Afrah Congrats. 2 MF in 3 months is incredible. so, what cities did you shortlist and where did you get your 2 MF? TIA

Hi @Joe Splitrock This was spot on !! Thank you very much for the detailed information. This cleared most of my doubts. No wonder the difference in cost which i feel is a must given OOS investment + passiveness. 

Thanks again!

@Dave Poeppelmeier Thanks for your honest opinion. I do believe all you have mentioned. In fact, I have a property manager who manages my property and I agree 100% - it is completely passive and am completely happy. But since this is in another location, I am trying to compare the two. 

As you have mentioned about the sub-contractors, inspections, tenants - these 'all-in-one' property management software claims to take care of them all which in the first place got me interested and to explore this option as well. 

@Christopher Helwig Thanks for the insights. At least with what i researched - the softwares you had mentioned is mainly for the tenant leasing and rent collections (I maybe wrong as well). But there are others that claim 'all-in-one' property management - leasing, rent collection, 24/7 maintenance request/coordination, lease renewal, etc (such as caretaker, hemlane, etc) which i feel includes all that an on-site property manager does but in a fraction of the monthly cost. Trying to find out what is that I am missing.

@Joe Martella I am trying to find how much 'self-manage' is required if i go with the claimed 'all-in-one' property management software (eg: caretaken, hemlane). I understand that having an on-site property manager will remove the headache especially for OOS investors. But how does these new softwares compete/compare with this is what i am trying to figure out.

Thanks for the info @Joe Martella

I forgot to mention that I am looking from an OOS investment perspective. Though it's good to have a local team setup, I am trying to find a better fit for multiple area investments.