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Updated over 8 years ago,

User Stats

5
Posts
1
Votes
Jeremy Corcoran
  • Investor
  • Colorado Springs, CO
1
Votes |
5
Posts

To sell or not to sell...

Jeremy Corcoran
  • Investor
  • Colorado Springs, CO
Posted

I have a SFR that I have owned for 7 years and rented to the same tenant for 4 years. It's the only property I own. I owe 90k and near as I can tell it would sell for about 120k. The mortgage payment is $625 and I'm renting it for $750. I want to do some fix and flips, however I'm not sure I can use the equity in my SFR rental without selling it. So, my questions are can I get to that equity without selling, should I just sell, or is there another way I should look at financing my objective? I'm looking for advice and opinions from anyone who might want to chime in.

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