All Forum Posts by: Alan Carranza

Thanks Collin, this is great information. 

@Michael Doherty Thats a good point. Thanks for your comment

@Whitney Hutten thank you very much for your time. Ok I’ll send you a message

Hello everybody. New to real estate investing and the forum here and really happy I joined. After some personal issues I’m financially ready to start investing.

I would like to get your expert opinion:

I currently own a multi-family property In Ventura County, California. The property is comprised of 3 units, a main house, a guest house and a studio. The property is paid off and I got it appraised almost 2 years ago (by a registered appraiser) and it appraised approx $675,000. I also completely renovated the studio 3 years ago. Although I have kept up with repairs, the main house and guest house could use some renovations (kitchen, bathroom, new floor). I currently rent all 3 units. The property is paid off and have plenty of equity in this property to start investing in a Brrrr strategy.

My question is:

Should I refinance, rehab, rent, repeat my property? Or just refinance and go buy an investment property?

It May seem like a straightforward answer but just want to get expert advice. 

Thank you for your time.

Hello everybody. New to real estate investing and the forum here and really happy I joined. After some personal issues I’m financially ready to start investing.

I Want to get your expert advise:

I currently own a multi family property In Ventura county. The property is comprised of 3 units, a main house , a guest house and a studio. The property is paid off and I got it appraised almost 2 years ago (by a registered appraiser) and it appraised approx $675,000. I also completely renovated the studio 3 years ago. Although I have kept up with repairs, the main house and guest house could use some renovations (kitchen, bathroom, new floor). I currently rent all 3 units. The property is paid off and have plenty of equity in this property to start investing in a Brrrr strategy.

My question is:

Should I refinance, rehab, rent, repeat my property? Or just refinance and go buy an investment property?

May seem like a straightforward answer but just want to get expert advise. Thanks for your time.