All Forum Posts by: Adam Zippin
Adam Zippin has started 1 posts and replied 2 times.
Quote from @Scott Brockelbank Jr.:
Hi Adam,
Congrats on making the leap! Already ahead of 99% of people. When it comes to the buy vs. the sell conversation I look at a few factors like my return on equity (>8/10%), ease of management, upcoming CapEx needs. If I am in a good spot in those 3 areas it probably makes more sense to hold your current property and keep reaping the benefits on your investment. A lot of investors don't talk about the "drag" from selling paying transfer taxes, loan origination fees, agent commissions etc. Something to consider when doing the numbers on the sell vs. HELOC conversation.
I am based on out of the Manchester area and am an investor focused agent with several units. Happy to chat with you about the MF market and let you know what I am seeing. My brokerage also runs many meetups throughout New England. We have one in Lowell on thursday 9/11 if you are interested in talking with some like minded people!
Hi @Scott Brockelbank Jr. and thanks for the heads up on the meetups! Im travelling this week but would love to follow along if you have anything more planned.
Hi All, my name is Adam and I am from Concord, NH. In 2020 I purchased a small condo and have recently moved out and am renting the unit out for a nice return. I am looking to add more inventory intelligently and cautiously as I am in no rush. My thoughts are in 2 stages currently. Should I sell my condo and use the revenue to purchase more units or should I use a HEloc/HEloan. The revenue from a sale or from a heloc would leave me with roughly the same amount of cash on hand, close to 100k. The next thought is whether I should or even could take that and invest in 1 or 2 properties with this 100k.
My initial planning and research is to get a better bead on the rental market in my area, understand the market for duplex/triplex properties, and plan through the best way to add a new unit in my area. Thanks all!