Specialist · Signal Hill, CA · Member since 2019 · 31 posts · 7 votes
Happy to share we bought our first 2 rental properties outside of CA in 2020! Thanks BP for being a HUGE part of our learning during this process. Looking ahead, we feel we need some guidance on how to leverage what we have so far, taking into account all the different elements of investing: Understanding markets, Taxes (across states), HELOC's, 401k's, etc. We started looking for a financial advisor but learned that portfolio advisors provide more comprehensive advice. We thought we'd post this as a question for the BP community. Any advice would be appreciated! Happy 2021 everybody.
Real Estate Investor · Unadilla NY · Member since 2017 · 418 posts · 297 votes
5y
The best way to leverage them is to do a value add and refinance at low rates, then take your seed money and reinvest. You won't cash flow as much on those two but you will make more overall. In a few years when rents go up across the board and now 4 or 5 properties appreciated instead of two youll be very happy you did.