Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago,

User Stats

7
Posts
3
Votes
Matthew K.
  • Herndon, VA
3
Votes |
7
Posts

With high equity, sell or HELOC?

Matthew K.
  • Herndon, VA
Posted
I just recently moved into a new house and have my old house on the market. I'm hoping the brilliant Bigger Pocket members have some ideas/answers/feedback. Here's the deal. If I rent the property, I will likely cashflow about $300 per month. That's not including any reserves, that's simply projected rent minus my PITI. If I sell, I should get into the six figures after commissions are paid and note is paid off, but property values in the area are still climbing. With that money, we were going to finally start investing seriously into real estate. Is it possible to get the best of both worlds? Get a sizeable HELOC to start investing while renting the property and cashflowing about $300 per month? Or is it best to just keep it on the market, get my eventual payout, and move on to the next property?

Loading replies...