Updated almost 3 years ago on . Most recent reply
Expanding my empire!
I purchased a property almost 6 years ago and it has been very hands-off for the most part but it isn't doing enough for me. I have had the same tenants in there for the entire time that I've owned the place so I haven't had much time to do any updates, which I think are long overdue. Without much cash on hand, is it wise to take a loan or leverage for a loan to make updates in the name of either selling to buy something better or driving the rent up a little bit? I'm also interested in investing in more properties and using the equity in this place to get me in another unit or 10.
Thoughts?