All Forum Posts by: Carlos Handler
Carlos Handler has started 5 posts and replied 16 times.
Post: Cash Poor, House Rich!! Need Advice

- Posts 17
- Votes 15
Hi Alex,
Definitely something I’m interested in. I’m fairly new to real estate even though I purchased 10 units. I’ve always wondered about out of state just didn’t know how to break in.
Post: Cash Poor, House Rich!! Need Advice

- Posts 17
- Votes 15
Quote from @Alex Olson:
@Carlos Handler You have a lot of wealth built up it sounds like. I would sell one, 1031 exchange into a cash flowing market and see what you like. It a market like KC $250k in equity will get you around 10 units for $1mm (+ or -) and can cash flow pretty well. This will get your feet wet and see if you want to continue out of state investing. Landlord friendly, low taxes, no rent control, and strong metro growth make it a high quality investment for a lot of investors. Happy to help look at this option with you.
Post: Cash Poor, House Rich!! Need Advice

- Posts 17
- Votes 15
This is all great stuff! I appreciate your help. I’ve definitely been thinking about selling other properties to start a business just didn’t know if I should sell in the market we are in today or try to stay above water until interest go down. Does anyone know anything blanket loans? Leverage the equity in all my properties to purchase more. Is it worth it? Thanks!
Post: Cash Poor, House Rich!! Need Advice

- Posts 17
- Votes 15
I own 10 properties in Southern California area. All my properties pay my mortgages on all homes and break even. In all my homes I have about 1.7 million equity. The problem is I can’t touch any of the equity. Recently my employer downsized and I’m making 50% less income. Not sure what my next move is. In the process of selling one property but don’t want to. I need advice from experienced investors. Thank you in advance!
Post: $366k + 9 properties Need loan help!

- Posts 17
- Votes 15
Thanks! All together about 1.6 million but I cant take it out all. At 85% 900k at 80% 600k
Would I need a banker loan to take it out? Also I'm not sure how risky those are. Is there any other way to get as much out as possible. Would a HELOC work? thanks!
Post: $366k + 9 properties Need loan help!

- Posts 17
- Votes 15
Hi Everyone! I’m new to bigger pockets. I have $366k in bank and 9 properties. How can I leverage my assets to get more capital in order to continue to purchase more homes. Looking for a loan. Thanks!