All Forum Posts by: Heather Yan

@Joe Moore Thanks! I did the 3 day notice already, maybe just go ahead file with the court by myself then. 

@Joe Moore Thank you! Did you use them before? 

@Steve Rozenberg

 Thank you for responding, I will like a service that I can pay to do it.

@Account ClosedYes, I planned to do a cash out refinance and use the money to buy other properties. Line of credit is less cash and also have to pay closing costs as well as annual fees. Because of the appreciation, it is hard to get good ROI in good areas, and I prefer to deal with higher income tenants only. At this point, I will focus on higher appreciation on house values than higher cash flow.

@Matt R.

Thank you for your opinion! That opened another window. Yes, the property is at a quality central area where schools are excellent and location is very convenient. I listened to the podcast 113 and feel that I share the same feeling as the guest speaker on rentals. I like good cash flow, but I also like to deal with better quality tenants only. Guess I really need to take my time to think this through.

@David Foster, thank you! Very useful information. I was just wondering about if I could do what you said.

Thank you all for the great input! I will go ahead look into the sec. 1031 exchange.

I purchased a property in 2013 for $265,000 and leased it out ever since at $2,300. The return rate (without depreciation) is at about 5%. The selling price of the property is at least 325,000 right now. The property is already paid off. I am debating should I just sell the property right now or should I continue to lease out and take out an equity loan to purchase another property with better return? Thank you!