All Forum Posts by: Thomas Matthew

Great questions:

1. First Mortgages 4% fixed 30 years. Second mortgages 9% floating HELOCS

2. I would like to stay in real estate if it makes sense. What could I 1031 exchange into that would do better than having a paid off five plex?

3. I would like to slow down in 5 years. But probably not consider stopping for 10 years.

I have four properties: three single family homes and a five plex.

The single family properties have first and second mortgages due to past financial necessities. Therefore they only cash flow a few hundred dollars a month.

The properties have doubled in value over the years. I am thinking of selling the single family homes and paying off the mortgage on the five plex to create a large cash flow.

Is there a spreadsheet or software that can help guide me.

I welcome any thoughts on this.

Thank you