Using Equity to Buy All Cash
Hi all, wondering you thoughts on a question I've run up against with a couple clients and have been pondering myself in our changing markets. What are you thoughts on selling a larger valued multifamily property for a smaller one? The equity in the larger would allow for an all cash purpose and in the end the smaller one would cash flow better. My gut tells it's contraction instead of expansion but is that balanced but not carrying any debt service? Interested in hearing you thoughts.
Have a great Sunday!