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Updated over 8 years ago on . Most recent reply

User Stats

17
Posts
6
Votes
Abdul Siddiqui
  • Investor
  • Houston TX
6
Votes |
17
Posts

Where do I go from here?

Abdul Siddiqui
  • Investor
  • Houston TX
Posted

Hello everyone! I would consider myself an investor in his infancy. I am from Sugarland TX. 

Currently I have 2 properties (one in Magnolia TX and other in Katy TX).

1st Property ($191k purchase price built 2013)  is Netting $400 a month after all expenses (This was our 1st personal home then leased out)

2nd Property ($192k purchase price built 2010) is Netting $350 a month after all expenses .

I had put 20% down payment for both homes to avoid PMI.

The house we currently live in (2014 built) also was purchased for $350k with 20% down.

I have made additional payments on my current personal house and now my equity in it is about $160k. 

I am confused as it to where to go from here.

Do I take a HELOC and get 4th home..5th home ? Or just ride as it is.

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