When To Keep, Sell, or Cash Out Refinance Rental Properties

Would you sell, keep, or cash out refinance rental properties to grow your real estate portfolio? Carla Holmes, long-time investor and rookie to commercial investing is wondering what would be best as she takes her first step into commercial real…

When To Keep, Sell, or Cash Out Refinance Rental Properties

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Would you sell, keep, or cash out refinance rental properties to grow your real estate portfolio? Carla Holmes, long-time investor and rookie to commercial investing is wondering what would be best as she takes her first step into commercial real estate.

Carla has been cautious with her real estate investing and never took on debt after she went through foreclosure during The Great Recession. Now, she sits on over a million dollars in equity, spread across multiple properties in the Carolinas. Her recent acquisition is a 4.5-acre commercial property that she’ll convert into a parking lot for big rigs in her area.

Since this is a brand new real estate class she’s entering into, Carla wants to be absolutely sure she’s crossing all her t’s and dotting her i’s. David walks her through a live analysis going over the hurdles, work, expenses, and income that this property will bring in.

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Join BiggerPockets for FREE:
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Learn More About Yellow Square Properties:
https://yellowsquarehomes.com/
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Follow Carla on Instagram:
@yellowsquare_properties or https://www.instagram.com/yellowsquare_properties/
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The Ultimate Guide to Analyzing Commercial Real Estate:
https://www.biggerpockets.com/blog/commercial-real-estate-ultimate-guide-analyzing
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Debt Is Good When It Comes to Real Estate:
https://www.biggerpockets.com/blog/good-debt-real-estate
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Follow David on Instagram:
@davidgreene24 or https://www.instagram.com/davidgreene24/

Episode #535

Show notes at: https://www.biggerpockets.com/show535

0:00 Intro
2:46 Helping Veterans
7:24 Carla’s Parking Lot Problem
11:57 Analyzing the Deal: Hurdles
19:13 Analyzing the Deal: Work
22:21 Analyzing the Deal: Expenses
27:00 Analyzing the Deal: Income
37:06 Carla’s Portfolio Overview
44:18 Keep, Sell, or Refi?
58:38 Thinking 2 Steps Ahead

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