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 about 3 years ago,

User Stats

4
Posts
1
Votes
Daniel Sheppard
1
Votes |
4
Posts

Noob Investor in need of direction

Daniel Sheppard
Posted

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!

Loading replies...