All Forum Posts by: Robert Rosenberg

Hi,

It's been about 4 years since I first posted on here wanting to buy my first househack. Now I am financially free. Real estate is cool. I bought my first property in the Boston area and now live in the Raleigh-Durham area.

My struggle right now is utilizing my properties with strong equity to buy more. In my duplex I currently have $330k in equity and my triplex I have $270k in equity and my single family airbnb I have $175k in equity.

My duplex cash flowed just over $20 grand last year, my triplex $11k and my airbnb I only listed in July last year and did roughly $1k/month. Respectively my interest rates are 3.375,2.75, & 4.125 on these properties. 

My conundrum here is my ROE. $1600-$1700/month cash flow on a duplex is pretty cool but my ROE on that property is around 6%. The issue is I can't get a HELOC on an investment property (I have tried - maybe not hard enough) and a cash out refi leaves me with a couple hundred dollar cash flow and roughly an $80k check(cash out refi in MA requires 70 LTV from people who I've spoken to) after finishing the refi (which doesn't feel worth it).

Most deals in the multifamily space I see are also not great return atm and may not even cover the required DSCR from the lender. So I don't know what I should do really.

Is it time to be patient, 1031, do the cash out and lose my cash flow? I'm not sure the best option for these.

I can also get a sizeable HELOC on my primary which I plan to do anyway and just bought another property a couple of weeks ago for airbnb. For all my purchases I've been leveraging my W2 and real estate (and now social media income) to save up.

Thanks for reading!

 Passive income is non taxable using a copyright ©️ trust. Are you aware of this as per IRC guidelines 

@John Gillick

With the last one, you’d be transferring passive income into self employment income with higher taxes.