All Forum Posts by: Vedran Josic
Vedran Josic has started 7 posts and replied 12 times.
Post: Own 5 Condos all paid off what i shoud do next
- new Haven, CT
- Posts 14
- Votes 11
Originally posted by @Keith Weigand:
You are in a great position. Depends on your personal goals. Are you looking for cash flow so you don't have to work? (assuming you currently do). The answer depends on your goals. Sounds like the properties are cash flowing (without knowing your other numbers). Personally, I aim for cash flow but occasionally do flips for cash. If your the aggresive type, (financially speaking) you could cash out some of those properties and buy more. I am more the conservative type and prefer building slowly with minimum risk. That's just me. Just define your goals then take the steps that will alwasy bring you closer to your real estate goals. If your 20, you have time. If your 55 years old, you may need to speed things up.
Thank you for raspond.I am 30 ,very aggresive type for build this type of bussines. I do all cash deal before now i am on posituon when i cant do no more and need try get more money from bank or refiannce all those codnos. Do you recommend those condos, do you think i shoud wait another year save cash and maybe buy 1 more ,or just refiance all of those and go agressive ,Yes i love cash flow and trying to make that goal 10k month .
thank you again for your time
Post: Own 5 Condos all paid off what i shoud do next
- new Haven, CT
- Posts 14
- Votes 11
Hey BP i am long time here on biggerpocket but always read and learn ,my write english is not perfect,but i speak pretty well.
I have my another 2 business working very well and i start learning about real estate so u invest in pass 4 year in condos .let me tell you about those 5 condo. Also just finish my first flip and on the way do to second one .
What i shoud do next to prove my strategy and build more.all condo is paid off not bank own.shoud i save work and buy more ,or what option i have it . thank you
condo 1 purchase price 26k rent 700 ,tax condo fee 210$
condo 2,3,4 purchase price 60k each ,rent 1200 tax and condo fee 475$
codno 5 purchase 58k rent 1100 tax and condo fee 420$