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Showing posts from January, 2022

What would you do with an extra $100k? I know what I’m planning.

                                                                                                                             Photo by CHUTTERSNAP on Unsplash 2022 is looking to be a great year so far! The market gains over the last couple years for Real Estate has done nothing but good things for my small Midwest portfolio. I was able to take advantage of the extra equity in 3 of my properties and pull out a few down payments to continue growing my portfolio. I was fortunate enough with these properties that I haven’t done much work and no renovations at this point. The most exciting of the properties that brought me over $40k during the cash out had the highest expenses since ownership which total $3,400 to the tune of an AC replacement. My cash position this year for the business is in a far different position than when I paid out my last $3k for that AC unit, and I plan to keep it that way.   In total I pulled out $91k after taking care of a line of credit I used to purchase one