Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago,
Seasoned investor guidance on strategy
Hello,
Seeking guidance......I will do my best to give as much detail and keep it short. All wisdom will be greatly appreciated.
Current situation:
Househacking for 3yrs - 2 unit property with 80k equity and 720 in monthly cash flow potential if both units are rented.
House is in need of the following capex items soon....Roof/Gutters/Insulation and Third Electrical curcuit box (Common area).
If I used a Heloc to fund the capex items it would take 4 yrs of investing all cash flow into paying of the Heloc. So the cash flow option would not become CASH FLOW for 4 years.
What additional information do I need to consider in determining if I should sell or hold?