Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 1 year ago,
Sell or HELOC reinvest to tap equity?
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