All Forum Posts by: Tanisha B.

@Corby Goade The payments owed to the bank are HELOCs along with mortgage payments. The bank only lends up to 75-80% of the total property value. We figured cashing in would put us in a grater position to have at least 21k more annual income.

@Migeul Obramowitz The properties I’m switching are B class to a few C class in order to maximize cash flow.

Thank you Paul for you input. 

So I currently have a few properties that I’m considering to sell and turn over into a 1031 exchange. Should I sell or hold these properties? We are currently trying to come up with a good strategy to get a head. 1. GA property value at $158k- rented for $1200. Owe $97k. to the bank. 2. MD property value at $125k- rented for $1300. Owe $67K. to the bank. 3. GA property value $106k- rented for $925. Owe $51k. The plan is to sell these properties and reinvest in C class neighborhoods buying at 45k-55K. paying off the bank and freeing up credit. THE EXPECTED RENT FOR THE NEW PROPERTIES WOULD BE $700-$850. What are your thoughts? Thanks in advance.

@Maugno Mora My husband and I are both managers on LLCs and it’s 50-50% between us in the companies.

@Devin Davis Hi Devin, I’m an investor in the Memphis area as well. Can you give me some tips on good insurance companies there? Thank you!

Thank you Len. I will explore that option as well. 

Thank you Caleb. 

What’s the best insurance company to use for investment properties?