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Updated about 3 years ago,
Noob Investor in need of direction
Sorry if this is too basic for this forum. I am still trying to figure this whole real estate thing out.
I have one duplex and my home, but I am struggling to figure out how to take the next step in growing my portfolio. I am not sure what to do next and everything seems so expensive!
Using redfin house price estimator (which I know is far from perfect) the duplex is worth $555k, which means I would have $184k in equity. I also have about $150k equity in my home.
My question is where do I go from here? Would you recommend selling and doing a 1031 on the duplex? Home equity loan and doing BRRRR? Cash out Refi? I am reading and listening to everything I can but I am getting some serious analysis paralysis and not sure what to do next.
Thanks so much for the advice!