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Updated about 9 years ago,
Should I sell or get a heloc
Hey, BP team!
I'm relatively new to the real estate world and I have a question and hoping that to get advice from all of you. I have learned a lot from all of you and love reading all the post and questions.I live in Houston tx in the spring branch area to be more exact and own a house in which I have a heloc loan of 10k that has expired n I'm making payments to pay it off. I also have a property that I adquired via a fha loan. Question: I would like to purchase another property or properties to flip or hold but not sure what to do. Should I sell this property I have in the spring branch area or should I get a heloc loan? I see there is a lot of new development, lots of new homes and townhouses in the area. The values have gone up! What would you guys do? What should I take in consideration? Can't wait to hear back from you guy.
Thanks you so much for your help!