All Forum Posts by: Peter Shah
Peter Shah has started 2 posts and replied 2 times.
I’m working with my father on managing his RE portfolio.
We have one multi family property that is fully paid off and generates roughly $200k in NOI/Cash Flow.
My father is 60 years old.
We have been discussing options on how to move forward. A cash out refinance to buy more property would put a substantial dent in cash flow with current interest rates. Also would come with the stress of a loan, and debt servicing. Not to mention the upkeep of the new property, and its loan stress.
Would the best option be to just hold? $200k is no small sum of money.
To obtain $200k worth of cash flow at current interest rates would require around $7M worth of purchased real estate in the NY metro region if they all had loans at their nascent stage.
What would you do if you were in our position?
I’m working with my father on managing his RE.
We have one multi family property that is fully paid off and generates roughly $200k in NOI/Cash Flow.
My father is 60 years old.
We have been discussing options on how to move forward. A cash out refinance to buy more property would put a substantial dent in cash flow with current interest rates. Also would come with the stress of a loan, and debt servicing. Not to mention the upkeep of the new property, and its loan stress.
Would the best option be to just hold? $200k is no small sum of money.
To obtain $200k worth of cash flow at current interest rates would require around $7M worth of purchased real estate in the NY metro region if they all had loans at their nascent stage.
What would you do if you were in our position?