All Forum Posts by: Terence Goodman
Terence Goodman has started 1 posts and replied 2 times.
Post: What should I do with my single family rental property ?
- Investor
- Syracuse, NY
- Posts 2
- Votes 0
I appreciate all the advice folks!
I’m looking to sell around summer fall 2020. If the markets mirror 2019 markets, then I’ll list it for around $240k-$250k, with a projected $175-$180k left on the note.
I’d like to be as strategic as possible with the profits and either re-invest in a duplex or possibly buy 2 single families for around $70k-120k a piece. Guess I have my homework cutout for me.
P.s. started and growing a real estate portfolio partnership with someone would be a nice strategic plan too.
Post: What should I do with my single family rental property ?
- Investor
- Syracuse, NY
- Posts 2
- Votes 0
I have a single family rental in upstate NY that's currently occupied up to November 2020. I purchased the place back in 2016. Depending on the market, if I sell once the tenants lease is up, I should walk away with roughly $60k. I'm trying to figure out the best option to maximize my real estate portfolio, should I sell and reinvest in more rentals from the sell or should I do a HELOC, and continue to rent it while looking to purchase another rental from the HELOC money?
I Appreciate any and all advice.
Terence