What’s next? Looking for advice
2 Replies
Jacob Graul from Altoona, Alabama
posted 12 days agoEdward B. Investor from Midlothian, Virginia
replied 12 days ago@Jacob Graul , that last statement is kind of an oxymoron. Debt is often used to facilitate growth so the opposite of course has the opposite effect. If you want to increase cash flow then we can talk about reducing debt. But what you are asking is the same as asking how can I increase my leverage and my cash flow at the same time? You can't. Now you can grow and limit your use of debt but you are severely hamstringing yourself.
Bjorn Ahlblad from Shelton, Washington
replied 12 days ago@Jacob Graul I applaud your desire to be debt free and having achieved it! To grow you will either have to rely on savings or take on some debt. Perhaps decide how much debt you are willing to consider for your next projects. Personally i like the concept of buying a MF building, 5 plus units and forcing appreciation through improvements and raising the rents. Then take that to a local bank and financing it or re-finance as the case may be. There are numerous examples of this on the site here. All the best to you!
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