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Updated over 2 years ago,

User Stats

10
Posts
5
Votes
Brian Rudd
  • Contractor
  • Moab, UT
5
Votes |
10
Posts

Cash out equity vs cash flow

Brian Rudd
  • Contractor
  • Moab, UT
Posted

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??

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