I have several rental properties should I sell them or refi and pull equity out of them to make more growth ?

Question

Im 36 and I own 21 properties and im wanting just to invest in realestate as a full time job

Answer 1

I would not sell unless there were great reasons for me to do so. I would still purchase investment properties. This is an excellent way of earning a living as well as gaining wealth.

if you can refi at 50%-60% LTV or less and still have a positive for additional purchases that is a good strategy

I would diversify my investment by investing in 2nd trust deeds and equity loans. The interest rates are about 10%-12%.

You can do the collection or hire someone to do the collection. There are computer programs available for you to purchase if you want to do the collection.

That way if the real estate market take a swan dive for some reason you still have trust deeds that are earning money for you.

I hope this has been of some use to you, good luck.

"FIGHT ON"

Answer 2

If you're getting good net cash flow out of rentals, keep them, use the cash to pay off the mortgages (if any) and build equity. A property that you own outright is much more valuable as collateral to get credit to buy more property. The sooner you get out of paying interest on something, the better.

Answer 3

SELL SELL SELL - Market has topped.

Bernanke is determined to bring this market down. Hes on a rampage, Sell this year and put the $ in a high yielding CD

First the real estate market, Look at commodities now, they are tanking and the stock market etc.
As many on wall st say, "DONT Fight the FED" , this applies to every asset class especially real estate.

Answer 4

If you are making money by renting and not losing any then you should keep them. It's always nice to have rental property because people always need places to rent.

Answer 5

i have always grown. but you must factor age, how much you are willing to risk, where are your properties, ect. there are so many things to consider. if you want an answer provide more info.

Answer 6

ARE U STUPID? U HAVE RENT MONEY COMING IN & YOUR THINKING ABOUT SELLING? WHAT PLANET ARE YOU FROM? KEEP YOUR MONEY FLOWING. WITH THAT MONEY KEEP UP WITH ALL REPAIRS & YOUR RENTERS WILL BE HAPPY. NOW TAKE A BATH & GO TO BED HAPPY.