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Neil Polehn
  • Investor
  • Capitola, CA
19
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52
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Should I stay or should I go now?

Neil Polehn
  • Investor
  • Capitola, CA
Posted Nov 15 2020, 16:56

Hello All,

This is my first post after reading Brandon's book and joining the community, so thank you for taking the time to read this. My situation is that I retired early from my tech job and after a couple years I got bored and my true passion is real estate, so I want to jump back into it. I currently have two investment properties in CA, with good equity and cash flow. I have about 300K in cash to invest, a yearly income of 100K and can qualify for 4 more conventional loans (I just did a refinance).

I live in Santa Cruz, CA which is very expensive, so I could get one or at most two duplexes in CA and probably not the best yeilds, or go out of state.  I then have to decide if I should do a duplex or a apartment building (which I have never done).  My questions are:

Should I go out of state and if so where would be best (I heard Cleveland and Memphis were good)?

If I go out of state should I look at an apartment building or stay with residential property for the best yield?

Is there another angle I hadnt thought of?

Thanks!

Neil

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