All Forum Posts by: Chris Czernisz

Hi Corina,

Is this position still available?

Thank you,

Chris

Thank you to everyone who has responded, I now feel like I have some calculations to do and take an educated risk. I will post what we have decided to do. And soon I hope.

Thank you again,

Chris and Rachel

Hi Joe,

Thank you for responding. Would you be willing to elaborate on your feedback? I see keeping it as an opportunity  to have a high cash flow property as an asset that is already paid off. On the other hand, I see selling it as an option too since this will allow me to spread out the profits by purchasing multiple properties. This is part of the conundrum I am facing.

Chris

Hello BiggerPockets, 

We are looking for some advice. We have two properties. One of them has a mortgage and our intention is to rent/Airbnb this property. The other one is free and clear (no mortgage or other liens on the property). We are trying to determine if we should sell this house and use the money for other investments or if we should hold onto this property and rent it out as well. We are looking to get started as a real estate investors and grow beyond these two properties. We know that keeping this property would give us good practice to see if real estate investing is right for us. In addition, most of the research we have done to this point says that you should not give up property if you don't have to. If anyone with more experience would be able to provide us with some tips or guidance, it would be greatly appreciated. Any specific factors that we should be taking into consideration or any lessons learned you have to share on this topic?

Thank you,

Chris and Rachel