Not Sure What The Best Option Is

[Mark Douglas]

Hi all, I'll keep this brief.

I've got a 4plex in Clarksville that I bought in 2017 for 195k.  I recently got an offer to sell it for 520k.  After the mortgage payoff and realtor commissions, I'd clear roughly 320k.

I've been house hacking a duplex in Nashville since 2016 and I REALLY WANT A HOUSE ALL TO MYSELF after all these years.

My initial thought was to sell the 4plex, and buy a SFR for 300 cash, and rent out the other half of the duplex, so both sides are rented. I'd use the other 20k to pay off small debts and stash the remainder.

It looks fine on paper, I just don't want to sell and then regret it down the road. 

The other option would be to keep everything as is, and save up a down payment, which would take about 2 years.

I want to avoid a HELOC at this point, I don't want to add any more debt.

What would you do?

I just turned 30 by the way, single, no kids.

Thanks all!

[Justin Hammerle]

@Mark Douglas - I would reinvest the sales proceeds into other multis and stay in the duplex.  or if I could and stay cashflow positive, refi the 4-plex and buy another multi.  keeps your equity working the hardest imo.