All Forum Posts by: Darin Knight

@joel g thanks for the post.  I'm in a somewhat similar situation.  Decent 401k, good equity in a few properties and honestly wondering if doubling down is the right way to go.  You (we) are doing great as is working for the man.  We need an exit strategy, but would like the $3M number to hit first.  How to get there?  I don't have the answer only more questions.   Are you planning significant leverage to get you out of the rat race?

thanks for the warm welcome all.  I'll continue to peruse BP and see if I cannot find a direction.  I struggle with articulating my "comfort level" in seeking additional units thorough leverage. 

Hi BP.  I think I'm a buy and hold investor.  I have 3 single family units in PDX, all three 50% + equity.  Newish unit in the 'Couve (30% equity) that has me thinking cash flow might be more interesting than paper net worth.

I won't shy away from providing details, but broadly speaking I am wondering if I just stay the course, or double down. Double down would entail multiple HELOC's or cash out refinancing.

I might as well get to the real question.  I have over $175K equity in my best PDX rental.  It's burning a hole in my pocket.  Do I just pay off the last $125K in the next 10 years 5 months?  Or refi and buy a duplex in Vancouver.  The irony here is that at 30 years the PDX rental would have nearly the same payment after 100K cash out refinance as the 15 year I've got today.

My ROI declines with every payment, my piece of mind increases. Double down or stay the course?

Thanks for any feedback.

Darin