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Updated over 1 year ago,
Analysis help!! Payoff debt and sell or keep renting
Hey all,
Looking for some help analyzing the right move. I am torn between cashing out this property and selling it to pay off lots of student loans and vehicle debt and another house flip vs keeping to continue renting. Below are details, appreciate it!
Value $500,000
Purchase $290,000
Mortgage $270,000
Interest 3%
Payment,taxes,insurance $1500
Renting at $2200.
Between student loans and HELOC from Reno on other property I have close to 100k debt at 7-8% 😅
I have lots of equity I’d love to use to simplify my life but also don’t want to sell out too soon. What tools would you use to help analyze this?