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Updated almost 9 years ago on . Most recent reply

Account Closed
  • Coppell, TX
14
Votes |
37
Posts

Need advice! what would you do?

Account Closed
  • Coppell, TX
Posted

I'm a Realtor and from time to time, good opportunities came my way. I have sold to my clients investors and the last one I keep it from myself to fix and flip. I used a Hard Money Lender, a great one, because I couldn't qualify for a HELOC being self employed, it took me a little over 3 months to get this flip done, and now I'm waiting to close by the end of April. I did pretty well there.

On the other side, I have equity in a rental and I'm thinking to sell it to fund my own deals, the market in Dallas has been appreciated on double digits and it is a seller's market, I can sell this one to my tenants  but the question is should I sell it or should I keep it and keep using the Hard Money Lender? 

the money that I'm making for my rental is the same money I have to pay in fees to the Lender. What would you do?

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