I would always suggest a cash out refi, lock in your rate, even if it’s higher at the moment, get your $ back.

I would consider selling the portfolio and investing in something that involves less time.1) Sell the property and do seller financing at 8% interestThe 8% interest would be more than what he is getting at the moment.2) Sell the property and invest it into stocks/bonds.I would also consider selling a portion of the portfolio every year which he can use towards his living costs3) Sell and invest in a real estate syndication that pays a monthly / quarterly distributionBest of luck

But that is the beauty of REI.

Taking a home or multiunit that is absolutely trashed and turning it into a beauty is so much fun.

I do both so that one day I can grow this into something I can pass on to my beautiful little girls.

I'm not home at the moment, I'm at work until 6am unfortunately.

But it might be a good moment for investors and people looking to buy as well ... let us know how it goes.

Investor yada yada yada.I decided to make it so I cracked the SEO code and now well the Gods rewarded me with insane beauty and immortality.So people noticed and they kept seeking me out.

They said the reason they stopped working on the property for the time being is that their other projects are clustered elsewhere in the city and taking up their resources at the moment.  

Originally posted by @Russell Brazil:@Jacques HerveTakoma, not Takoma Park.My rent increases in Rockville have averaged $100 a month every year for a decade now.See, that's the beauty of BP: I learn something everyday.