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Updated about 1 year ago,

User Stats

40
Posts
10
Votes
Sateesh Kumar
10
Votes |
40
Posts

Sell or HELOC reinvest to tap equity?

Sateesh Kumar
Posted

Hello

I own a small multi family with 500k mortgage on a very low interest rate @2.5% it also has over 500k in equity. I need to relocate out of state and very confused if I should sell or tap on to it's equity using HELOC and reinvest in other properties although I don't have any solid plans on where to reinvest as yet. I was briefly toying with the idea of investing in SF in Midwest for cashflow or a bigger multi family up to 2 mil with great cashflow and appreciation. I am relocating to CA bay area and it's not making sense buying a SF there

I need to make a quick decision whether to sell or keep, appreciate your inputs.

Thanks

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