Great tenants, peace of mind and small repairs taken care of without my involvement.

Thanks everyone for the responses,Peace, Love & Positivity,Sincerely,Dominic Balconi,Future BP Podcast Guest

Yeah, he's a friendly neighbor I'd call him and I do 'come in peace'.

Expect it to be difficult in this economic environment. 

So without selling the portfolio you already have you can re-leverage it and go out and buy 1mil worth of income producing assets that return you 12% a year AND debt pay down monthly which your residents pay, it does not come out of your pocket.Your returns on your original portfolio would actually go up yes you will have a higher interest rate on the new loan but if the rate on the new loan is 5.5% and you can go out and earn 12% then you should do it.I would also take into consideration can you find deals in todays market environment?

Make them love where they work and the environment.

The BiggerPockets environment is so positive and motivating!

One of my long term goals is to own a luxury building in a major city and have numerous initiatives to install a strong sense of community in a young professional and hip environment.

Having that line of equity not only allowed me to rehab it, but gave me peace of mind for any surprises that popped up while it was rented.

@Vijay Hampapur, I'm so with you on the peace of living debt free that I'm an embarrassment to leverage happy 1031 investors and QIs every where.