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Updated about 5 years ago,

User Stats

44
Posts
8
Votes
Skye Penland
  • Rental Property Investor
8
Votes |
44
Posts

Two complicated questions...

Skye Penland
  • Rental Property Investor
Posted

Hello Fellow Investors, 

So my wife and I own three properties. Two are LTR and one STR. Our STR is in downtown Dallas and is preforming very well. One of our LTR is in Plano Texas and cash flows $250 a month. Here is the link for reference: https://www.zillow.com/homedet... We are planning on moving into it to make a few improvements and either convert it to a STR (does anyone know how the Plano Texas Market is for short terms?) or we will do a VA cash out refi and hope to pull out 30-50k to put towards a new deal... A duplex is ideal.... We want our next deal so bad. If we refi we wont be cash flowing as much if it fails as a STR. We really want to pull out the 30-50k to move into a new market, purchase a duplex and increase our doors.

Thoughts? 

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