If you sell you should try to use a 1031 to defer the tax burden, otherwise you will be a lot closer to having 200k to "play with"
1031 will only work if you're selling and replacing with a like-kind property though (another rental).
A lot of ways to scale up but this is a tough market to do that. Why do you want to sell? Is this asset not performing?
I owe 280k I have 3 % interest rate. And I’m cash flowing $2100 a month on. 3 unit house. My realtor told me someone offered over 600k for the house , which would net me about 300k
Anthony, you did not provide information regarding your investment property. Is it a SFR/CONDO/TH? Is it a MF? What is your Cashflow? What is the ROE?
If it is SFR/CONDO/TH, I would sell and buy MF. With that equity you can afford $1,000,000+.
I owe 280k I have 3 % interest rate. And I’m cash flowing $2100 a month on. 3 unit house. My realtor told me someone offered over 600k for the house , which would net me about 300k
i was thinking maybe I can scale up and buy more with that 300. I was thinking of a HELOC also but idk how much the house will appraise for