What would you do with two sfh with no mortgage?
You have two homes that are rented at 1,000 and 1,050 a month with 2 year leases.
No mortgages on either home.
Both houses were purchased and renovated
One Is worth 135k wIth about 30k equity.
One Is worth 130k wIth about 50k equity.
Do you sit fat and happy with these two?
Or........
Do you take cash out and purchase more doors?
Crunching numbers it's hard to get to the cash flow I have now by going this route.
I do understand that more property means moe equity in each with higher rents in the future.
Just looking for different thoughts.
Most Popular Reply
@Jesse Harris
You sit fat and happy and enjoy what you got...
If you listen to too many of these people on biggerpockets they will have you financed to the max for $150 cash flow per door telling you that's great....lol