535: Keep, Refi, or Sell and Scale? | Live Portfolio Analysis 01:11:34

    <p>On today's show: a coaching session with <strong>David Greene</strong> and the winner of a charity auction at BPCon, <a href="https://www.instagram.com/yellowsquare_properties/"><strong>Carla Holmes</strong></a> from <a href="https://yellowsquarehomes.com/">Yellow Square Properties</a>.</p><p>Carla is a long-time investor and rookie to commercial investing. She's been cautious with her real estate investing and <strong>never took on debt</strong> after she<strong> went through </strong><a href="https://www.biggerpockets.com/blog/2013-03-22-how-to-buy-a-foreclosure"><strong>foreclosure</strong></a> during The Great Recession. Now, she sits on <strong>over a million dollars in equity</strong>, spread across multiple properties in the Carolinas. Her recent acquisition is a <strong>4.5-acre </strong><a href="https://www.biggerpockets.com/blog/overlooked-commercial-investments-real-estate"><strong>commercial property</strong></a> that she’ll convert into a parking lot for big rigs in her area.</p><p>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. <strong>David walks her through a live analysis</strong> going over the hurdles, work, expenses, and income that this property will bring in. He also helps Carla debate whether<strong> selling, </strong><a href="https://www.biggerpockets.com/blog/refinance-mortgage"><strong>refinancing</strong></a><strong>, or keeping</strong> her current properties is best based on her <strong>one-year financial independence goal</strong>.</p><p><strong>In This Episode We Cover:</strong></p><p><a href="https://www.biggerpockets.com/blog/commercial-real-estate-ultimate-guide-analyzing">How to <strong>analyze a commercial property</strong></a> from scratch with limited property information</p><p>Identifying the drawbacks and <strong>new potential income stream</strong> <strong>opportunities </strong>on a property</p><p>Why so many frugal<strong> investors avoid debt</strong>, even if it could be of benefit to them</p><p>Why you shouldn’t “hit the cones” when <strong>investing in a new real estate class </strong></p><p><a href="https://www.biggerpockets.com/blog/biggerpockets-podcast-457-patrick-bet-david"><strong>Thinking multiple steps ahead</strong></a> when making a move in real estate</p><p>And So Much More!</p><p><strong>Links from the Show</strong></p><p><a href="https://www.biggerpockets.com/forums">BiggerPockets Forums</a></p><p><a href="https://www.biggerpockets.com/youtube">BiggerPockets Youtube Channel</a></p><p><a href="https://www.bpcon2021.com/">BPCon 2021</a></p><p><a href="https://craigslist.org/">Craigslist</a></p><p><a href="https://www.facebook.com/marketplace/">Facebook Marketplace</a></p><p><a href="https://instagram.com/DavidGreene24">David's Instagram</a></p><p><a href="https://www.instagram.com/biggerpockets/?hl=en">BiggerPockets's Instagram</a></p><p>Check the full show notes here: https://www.biggerpockets.com/show535</p>
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