One Rental At A Time

Portfolio Review: What should Jeremmy do Next?

Mar 12, 2026
Jeremy Van Worden, a Canadian investor owning renovated single-family homes and duplexes in Michigan. He discusses selling a loss-making rental, renovating to boost rents, managing long-distance rentals, and using targeted refinancing and LTV strategy to fund growth. Short-term moves and shifting into multifamily priorities also come up.
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ANECDOTE

Selling The Alligator Saved The Portfolio

  • Jeremy Van Worden built a small Michigan portfolio from purchases starting in 2011 and used cash-out refis to acquire more properties.
  • He recently sold a loss-making rental (
ADVICE

Sell The Alligator Rather Than Feed It

  • Do sell underperforming rentals instead of feeding them with other properties.
ADVICE

Refi To About 50 Percent Portfolio LTV

  • Do target roughly 50% total portfolio LTV before redeploying equity to buy more units.
  • Michael suggests pulling debt up to about $450K on a $900K portfolio to free ~$240K for acquisitions.
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