All Forum Posts by: Tony Nguyen

@Lane Kawaoka after doing some thinking and open dialogue with some people, I’ll probably cash out and have cash in hand to look for my next investment.  Thanks for the input.

Hi all,

I’m doing a 1031 exchange to Atlanta, Georgia area and will have $200k to purchase my next property. I can raise another $200k if needed. I’m looking for an investment worth $800k - $1.6M. Looking for something in the 8-10 cap if possible. Any suggestions or current opportunities are welcomed. Thank you in advance.

Hi all, I’m doing a 1031 exchange and will have $200k to purchase my next property. I can raise another $200k if needed. I’m looking for an investment worth $800k - $1.6M. Looking for something in the 8-10 cap if possible. Any suggestions or current opportunities are welcomed. Thank you in advance.

Hi all, I have a few properties in the Gulfport area and an looking for referrals on a good property manager out there. Thank you in advance.

Dakota Soles I received a BA in Real Estate and Land Use Affairs at USCS. It gave me an overall view of real estate and development. It is a good foundation to build on but your main education will be real life experience. Good luck!!

Hi BP Community!! First time asking a question on BP. I have about $250k in equity in a couple local investment properties and a HELOC of $100k. I am trying to move investments to another city to create more cash flow. What cities does do would you all I look into? Looking forward to hear your opinions.

Welcome to BP!!

Forgot about debt obligation. It looks like option 2 you would get 20k C/F after debt obligation.

Hi Hisashi. First time posting on Bigger Pockets. Saw your post, read the replies and I think there's a very simple answer to you question. Assuming each of your properties are worth $81,250 ($1.3m / 16 units). Sell 6 units and refi your 10 remaining properties. 6 units sold @ $81,250 = $487,500 10 units refi @ 80% = $650,000 Reserve in bank = $150,000 HELOC = $300,000 Total funds available = $1,587,500 Scenario 1: Purchase Multifamily @ $3M with 8% cap rate NOI : 240K (20k / month) Cash required = $750,000 (25% of $3M) Reserves = $837,500 Scenario 2 Purchase Multifamily @ 63M with 8% cap rate NOI : 480K (40k / month) Cash required = $1.5M (25% of $6M) Reserves = $87,500 Your first option is more on the conservative side. You can hit your goal, still have your 10 properties and have a good amount in reserves. I would recommend this route. You wouldn't have to use you HELOC and the cash in your bank account would stay there. Option 2 is the accelerated version. High risk, high rewards.