My wife has been very supportive of this dream as I've begun to jump into it and our three kids are a good motivator to plan well for the future.While I currently live in California, this is my sixth state to live in, so I've gotten to see some vastly different areas of the country and intend to start my investing career somewhere cheaper than San Diego.

Might be an opportunity to cashflow renting on airbnb ....but of course L.A and other cities have been 'cracking down' on that too..

I think that's an opportunity for you especially considering she's not going to be able to make her cousin leave from a familial point of view while you have no blood ties with the guy - and he knows it.I'd try cash for keys first with him if you can get a signature with the cash (maybe even include a clause that he gives up any property claims) and go from there.

I have not purchased any properties as of yet but intend to very soon.

Well good luck getting the responses you intended.

Sounds like there may be opportunity.

Sounds like a great opportunity!

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

I recently closed on a property I intended to move in with my boyfriend as we are having our first child.

It costs us money to turn down a loan, both in real dollars and in lost opportunity.