All Forum Posts by: David Paez
David Paez has started 7 posts and replied 17 times.
Post: Should I SELL or continue to RENT/MANAGE???
- Posts 17
- Votes 1
Quote from @Steve Cooper:
If you sell, I would not, check ALL the selling expenses. Do not forget depreciation recapture. Can be big, if you rehabbed it, like roof, siding, hvac unit, etc.. Cash flow is great, in my opinion
Thank you!
Post: Should I SELL or continue to RENT/MANAGE???
- Posts 17
- Votes 1
Quote from @Joe Villeneuve:
Quote from @David Paez:
Quote from @Joe Villeneuve:
Quote from @David Paez:
Hello, I have a question for the forum: I have a multifamily property (2 fam) in Medford MA that I bought in 2019, and the cash flow after paying expenses is about 4K a month. The property has appreciated as we all know. The question is: should I sell it now and capture the profit (~30% above what I paid)... or continue to rent it, manage it, and receive about 48K a year in cash flow?
Thank you for your comments
Sorry , I don't understand your question
How much of a Down Payment did you make?
What is the property worth?
What was the accepted offer?
Direct message me please, thank you!
Post: Should I SELL or continue to RENT/MANAGE???
- Posts 17
- Votes 1
Quote from @Alex Talcott:
I'll consider buying it.
You're welcome to message me.
What is your reasoning for that opinion?
Post: Should I SELL or continue to RENT/MANAGE???
- Posts 17
- Votes 1
Quote from @Joe Villeneuve:
Quote from @David Paez:
Hello, I have a question for the forum: I have a multifamily property (2 fam) in Medford MA that I bought in 2019, and the cash flow after paying expenses is about 4K a month. The property has appreciated as we all know. The question is: should I sell it now and capture the profit (~30% above what I paid)... or continue to rent it, manage it, and receive about 48K a year in cash flow?
Thank you for your comments
Sorry , I don't understand your question
Post: Should I SELL or continue to RENT/MANAGE???
- Posts 17
- Votes 1
Quote from @Matthew Crivelli:
You have an asset paying you a low end salary on top of the asset appreciation still occurring . I'm sure you also have a great rate on the property too. That is a good place to be when most other asset classes are taking a nose dive. If it was me I think I would stay put unless the cash from the sale was absolutely necessary. @David Paez
That is right, but would the asset continue to appreciate? (under current and upcoming economic conditions) ??
Post: Should I SELL or continue to RENT/MANAGE???
- Posts 17
- Votes 1
Thank you for your response: no college-age son/daughter, no major expenses, and I know plans to do a 1031 exchange, it would allow me to be a bit more liquid for opportunities whenever they present themselves.
Post: Should I SELL or continue to RENT/MANAGE???
- Posts 17
- Votes 1
Hello, I have a question for the forum: I have a multifamily property (2 fam) in Medford MA that I bought in 2019, and the cash flow after paying expenses is about 4K a month. The property has appreciated as we all know. The question is: should I sell it now and capture the profit (~30% above what I paid)... or continue to rent it, manage it, and receive about 48K a year in cash flow?
Thank you for your comments
Hello All,
I will be in the Atlanta Area next week and will like to visit some multifamily (value add) opportunities, If not able to see any, maybe some advice on cities, towns to look at will be greatly appreciated!
Thank you
Hello all, I was wondering what has more success: absentee owners or owner occupied when targeting 2-4 multifam properties
Any insight will be greatly appreciated. thank you
Post: Fl multifamilies - where to start?
- Posts 17
- Votes 1
Thank you All, any specific thoughts on the fort lauderale market (or near there)