Hi everyone...Im going to share my family's story and hopefully some of you guys have some great ideas for what we should do next...My family currently owns almost $10 million worth of commercial property,all leased out and generating positive cashflow...We owe approximately $4.8 million to the bank...We owed $3 million not long ago but lost some money on a development due to bad timing and a death in the family...Now im wondering what are some options we have? Using the equity to acquire more commercial and residential real estate is where we will most likely aim next...Ive always loved real estate(being thats where we made the majority of our money originally) but im wondering what other ideas everyone has? Diversification is good thing so maybe you guys can point me in another direction?
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