All Forum Posts by: Tyler Putrah

@Shane Farmer  Hi Shane. Small world seeing your post on here. We both went to USD at the same time. I’m an investor/realtor in the Southern MN area and specialize in rental properties. I would be happy to jump on the phone and give you my thoughts on the area and the market around here right now. I just invited you to connect to direct message my contact info.

Thank you very much for the thoughts, all. That all makes sense. I was thinking about the cash out refi option, which I think I'll end up doing. The goal is to build cash flow and expand the portfolio over time to eventually replace my day job income, so need to continue that pursuit and not sell out, but the higher than expected offer on the property made me stop to think, even if it's not a ton of money... You're thoughts helped confirm my direction on this one to hold on and cash out refi. Thanks again!

I'm caught between 2 options of what to do with it and I'm interested to hear what others would do. I purchased a very mediocre condo in southern Minnesota 11 months ago with the intent to rent it out. I purchased with cash for $73k and net around $800/month after HOA, taxes, insurance, capital reserve, etc, so pretty solid cash flow. The renters moved out a bit early, so I have it for rent again at the same rate. Someone has offered to buy it for $98,000. Would you take the quick gain or keep for this level of cash flow?