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Updated over 2 years ago,
Cash out equity vs cash flow
Hey everyone I've been running the numbers and stewing about this just want to see what the opinions are on here.
Situation:
I have a primary residence that can be sold for $350k to $400, 000k profit, with 250k tax free
PITI :$1100/mo
Gross Rents: $2800-3200/mo
_______
Finishing a duplex build rn that will be able to be moved into next month. Planning to house hack. The basement unit will cover the note of the duplex. ~$2000/mo
OPTIONS:
A. Rent current primary, rent basement, cash flow for at least one year then reassess possible sale of duplex to avoid short-term capital gains and get my feet under me as a first-time landlord.
B. Sell primary, reinvest the proceeds into a commercial property/index funds. House hack duplex.
C. House hack duplex, rent primary, takeout HELOC or Cash out refinance to fund further investments.
What would you do??