Ask Marco - Should I Sell My Rental to Buy More Rentals? | PREI 169
Passive Real Estate Investing
Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.
4.6 • 968 Ratings
🗓️ 25 July 2019
⏱️ 8 minutes
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| 0:00.0 | Welcome to passive real estate investing, the show where busy people like you learn how to build substantial passive income while creating wealth for the long term. |
| 0:10.0 | And now here's your host, Marco Santorelli's. |
| 0:13.5 | Hello, my friends, and welcome to another episode of Ask Marco, |
| 0:16.6 | where I answer your investing related questions. |
| 0:19.7 | Today's question comes from Chancellor. |
| 0:22.1 | He says, hey Marco, I love your podcast and |
| 0:24.1 | binge listen on a daily basis. I got into real estate because a co-worker has been |
| 0:28.4 | quote actively investing for years now and said it had worked out well for him and showed me his numbers |
| 0:34.3 | I like them and decided to start this journey as well. Well congratulations |
| 0:38.2 | Chancellor. I purchased my first house in 2016 and then purchased our next primary residence at the end of 2018 keeping the first place as a rental. |
| 0:48.5 | I then wanted to grow my portfolio and realize that it would take a ton of extra time if I wanted to manage |
| 0:54.2 | everything myself not to mention buying in Utah is crazy expensive I assume |
| 0:59.2 | what he's meaning here by manage everything himself is meaning putting it all together finding |
| 1:04.2 | the markets and the deals and assembling a team and all that stuff. |
| 1:08.5 | So he goes on to say, so that's when I found your podcast and realize there is a much better way to go about this and that's quote passively |
| 1:17.6 | So my question is I have roughly 70 to 80,000 dollars in equity in my first single family home that currently after expenses cash flows $200. |
| 1:28.1 | I'm wanting to grow my portfolio quickly and aggressively so with selling that place and putting that towards multiple |
| 1:35.1 | turnkey properties be my best bet? |
| 1:37.6 | I know I would be cash flowing a lot more, but most likely losing a property that is |
| 1:42.2 | equity rich. |
| 1:43.2 | Any help would be most appreciated. Thank you. |
| 1:46.2 | So this is a good question and there are many people around the country who are |
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