All Forum Posts by: Chris Vanderloo

Hi Tezi,

The units will grow in value over time (if you've chosen the right market), and you can pull equity out of them by refinancing. Also keep in mind that there may be cash flow from the units, if your math was right. You can use the BRRRR method to increase your portfolio over time. So, in addition to saving up money, you can also hit it with equity from your other unit after a few years and the income from rent.

Best of luck!

@Ben Hudman What's the market like? Holding onto it and renting it (assuming you can afford to have someone manage it) could net you more in the long run. I'm brand new to this, but if it seems that it will hold its value for the foreseeable future (market-dependent) I say BRRR and hold. Your refinance could get you a lot of equity out of it regardless.