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Updated over 6 years ago on . Most recent reply

User Stats

35
Posts
2
Votes
Sunshine Bizz
  • Jacksonville, FL
2
Votes |
35
Posts

Portfolio of 4 Properties - Need Financing - Strategies

Sunshine Bizz
  • Jacksonville, FL
Posted

All - Here are my basics and thank you very much for taking the time to respond:

- Property 1 - Leveraged already, P&I payment of $1400, rents for $1850 (Paid $250k, going for $280k) ... For kids college

- Property 2 - Leveraged already, P&I payment of $1380, rents for $1850 (Paid $240k, going for $270k) ... For kids college

- Property 3 - Paid cash, rents for $950 (Paid $50k, rehab of $20k, going for about $65k) ... Cash flow purpose

- Property 4 - Paid cash, rents for $1025 (Paid $75, rehab of $6k, going for $100k) ... Cash flow purpose

- Property 5 - Home, HELOC approved for $120k few months back ... not used for anything yet.

Me and my wife have good jobs, both making about $200k+ a year and been at current jobs for a while. What can be done to for property no. 4?

We are based out of Jacksonville FL. 

Regards, 

Mike Rehman

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