All Forum Posts by: Robert Krzesinski

Hi everyone,

I am a new to realastate ( only one flip) I own on current mortgage 137,000 with 3.3% interested rate, and wondering about the different options. I am thinking to sell my property and get out about 200k cash.

Option 1: Buy another primary residence in much better location with higher appreciation for about 250-300k. At 6.5%. Put down about 75k + 25k updates. The rest invest (100k) in either BRRR flip or rent, or cash flowing duplex or triplex. 100k could be devided between two properties as a down payment.

Option 2: Stay in the current property and not sell, get HELOC, which is only 85k with 9%+ variable interest and get a BRRR or single family rental.

I realize there is a lot more to that, but just seeking advice from a season investor.

Thanks in advance!

Thank you Bonnie for the beneficial information. It can be overwhelming to get started, but having a BP community is priceless! 

Bonnie, 

Thank you for your insight! I started talking to some good real estate agents locally, and see what I can find. Any resources that would be helpful for MTR?

With me being new to real estate, LTR seems to be more challenging, and the cash flow might be somewhat lower. However, with that being said, I am open to all investment strategies. Just need guidance on which option is best for my situation, current market, and location. Thanks for the input.

I would like to accomplish both, but leaning more toward cash flow. The appreciation comes with rehab work and I work W2, so not much time to spare unless numbers make sense and have a good reno team in place.  

Hi,

I am new to the BP community, and looking to invest in multifamily rentals, possibly STR or MTR. I don't know where to start, I have some accessible capital, but with the terms the bank is giving me, I am not sure that is the route I want to take. Any help with finding the right location to invest in?