If they are only seeking a check every month and the largest amount possible based on the equity of this other property then sure it's a fine decision.A couple other thoughts though:With a smaller multi-family a vacancy is felt more financially than with a larger one, but the extent of that is influenced by the market's local metro and property location; andWhy not use some of the equity from the property to fund the purchase of the smaller one and then have two properties generate (probably) the same amount of income or more with debt service on both.  

Hi All, While shifting gradually (15 years) from IT to real estate (10 years now F/T) and building a portfolio for self and others I'm actively pursuing to unlock equity in order to ramp up either residential or mixed use value-add properties in designated farms in Central to Northern New Jersey.Always open to J/V, sharing & learnig for a win-win.Chees!

P H Real Estate Holdings Inc. is direct to the authorized Sellers of a large Income producing Multifamily Residential Unit in Brooklyn, NY. Asking price is $50M. The problem is we thought we had a credible buyer for t...

In my example, the rent-collection business would:Collect rent (but do no other activities)Pass through rent 100% so would not be receiving compensation (that's the definition of "hired" isn't it?)

You will find a lot of members fro the Baltimore area very active here on BP.

I am seeking advice from the community as to selecting a broker to work with here in the Leesburg / Northern Virginia area.  

I am also seeking a mentor. 

I'm now at a point where I can dedicate more time to my own pursuits and I have started off with taking the required VA RE licensing training and have recently passed the exam.I am seeking advice from the community as to selecting a broker to work with here in the Leesburg / Northern Virginia area.

What I've wanted was a Local Live Active Mentor and am not sure I always knew it.

I am thinking about activated charcoal.