All Forum Posts by: Victor Collins

@Nicholas Dennis 👏🏾

@Taylor L. and @Dave Foster - thank you very much! Very helpful - I was thinking cash our refinance - the home cash flows really well and this perspective is very helpful. I definitely would like to keep it because a cash out refi would only change the payment by $100 - I could still make $400 and you are right I could put the equity into another property. Do you have recommendations for cash out refis?

Hi - I am looking to invest up to my next buy and hold property. I have a pretty good single family home with nice equity. I also have a pretty good tenant and the unit cashflows for $500.  The debt service is almost paid on the property. Does it make sense to give up this cashflowing unit to purchase up? My thought was to take out a cash out refinance to purchase a multi unit or does it make sense to a 1031 exchange for multi unit?  My original thought is to keep the $500 a month, a cash out refinance may only change the mortage by 100 or 200 but I can then afford the downpayment on a multi unit and if the math is right I'd keep this property and be able to cashflow well on a multi unit.

How's it going everyone my name is Vic and I'm a fairly new real estate investor in the metro Atlanta area. While new to Atlanta, I am not completely new to REI. I have done a few buy and hold deals in Columbus, OH and the Raleigh-Durham, NC area, two places which I have lived and are great for REIs. I'm very interested in meeting other REIs, learning new strategies and becoming more efficient and effective in the space. Anything I can do to learn more while sharing my knowledge I'm happy to engage.