But once you are successful on your first one, Mr Doubt begins to shrink.  

Hi all,Was hoping to get perspectives / hear stories on how others approached the possibility of selling RE assets and using the proceeds to paydown debt on other properties.Here is what I see as potential +’s and -‘s:+ increase cash flow by removing mortgages (so more passive income)+ opportunity to sell underperforming assets- less assets under management (so less potential equity appreciation)- taxable gains (will not redeploy into RE as my sense is we are near the top of the market)- 30 year fixed mortgages in place at low 4-handle rates (based on simple bond math, the value of my liability is shrinking on a relative basis as rates rise)Other facts relevant to my situation:* RE is but just one asset in my portfolio (and I’m fine with that); cash flow and appreciation are great, but I’m looking at the asset class as more of a long term hedge against inflation * not looking to leave my day job and / or replace W-2 income entirely with passive income * don’t need the cash flows from RE; again, I see the asset as a levered inflation-hedging play

Is he growing or shrinking his portfolio?

You would probably be better off in mutual funds.Also, remember that while the mortgage payments are an "expense," it is being paid by the tenants.Use one of the calculators and plug your units in at 0% financing and watch how your return on investment shrinks.

Sure you can do the deal with a contractor or another investor, but then your renter/buyer pool shrinks in size. 

There are only very few areas it is allowed, and that is shrinking.

Inventory keeps shrinking.

After title clearing, purchase of property, excess fees, your profit quickly shrinks to several thousand dollars.

Originally posted by @Jerry Starr:https://www.realtor.com/news/real-estate-news/u-s-rental-rates-flatten-major-cities-supply-floods-market/ U cant have a million plus foreclosures that were mainly bought by investors and put into rental service.. developers building new apartments and not start to create a over supply issue.. that's just basic math.. so really depends on population and job growth in a given msa to see where rents go or stabilize or shrink.

Lastly, there most definitely is a “good old boy” club in Texas, but it is shrinking rapidly.