All Forum Posts by: Nicholas Sander

I would love to get multiple  cash flow properties.

I currently have a SFR rental in Los Angeles area which breaks even. It has a $150,000 in equity. The home I live in has $100,000 in equity in the same city. I would like to turn that equity into multiple rentals or use the equity to flip homes. Would selling the rental and use profit to buy multiple make sense?

The property is in Carson, Ca about 15 miles south of Los Angeles. It was my 1st home, I kept it when I purchased my current home. Due  to my ignorance I thought I was able to use the mortgage interest as a tax deduction towards my personal income. Now that I’m aware of that I’m looking to make another move, question is what do I do? California is an expensive place to invest in property.

I have a rental house that pays for itself but I makes no profit. I have around $175 equity. Should I sell and reinvest in something else?