All Forum Posts by: Logan Webb

 Gotcha! Yeah personally I wouldn't sell and buy others. I would just keep holding your current one. Especially with rates being a little higher right now, and likely going to continue to rise more throughout the rest of the year. 12 years is a long time to wait, but with $1000/month cashflow that is $144,000 more you will have in 12 years. Your cashflow at that point will be more too because the mortgage would be gone, rent will have gone up, etc. In 3-4 years though you will have some to put towards another property.

Found this neat article talking about a few other options similar to a 1031 exchange. Might be worth a read. The thing that jumped out to me was the Qualified opportunity zone fund. However each method has it's own hoops to jump through.

https://www.kpi1031.com/three-...

Hey Troy,

Honestly it just depends on your goals, and what the numbers look like for those other three properties you'd end up buying. A cash flow like you're seeing right now is fantastic. Granted, you have some equity built up into that property so that is where some of that is coming from with your mortgage payment being lower. I would ask, how much longer do you have the mortgage for? You might be able to get more cash flow overall with selling and getting a few other properties, but the work required for that might not outweigh the increase in profit.

If you know you could cash flow similar to $1000 from the other properties if you were to sell and buy 3 then I would do that. 

 This is also what I use!

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $150,000
Cash invested: $30,000

Hey Bigger Pockets! New to the site, but not new to investing. I made my first deal in 2020 with the help of Pam Bardy, a real estate agent I am now working with on the AskCathy team out of Lee's Summit, Missouri.