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Updated almost 7 years ago on . Most recent reply

User Stats

12
Posts
5
Votes
Julie Bradley
  • Taunton, MA
5
Votes |
12
Posts

Seasoned investor guidance on strategy

Julie Bradley
  • Taunton, MA
Posted

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? 

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