Looking for insight for an interesting problem.

[Lee Nguyen]

Hey BP,

I wanted to reach out to everyone and ask a question that I've been trying to answer for the past year.

I currently own a condo that I've renovated and now has about 60k-70k worth of equity. It's currently rented out and making a nice profit. It's on a VA home loan.

I also own a duplex that I'm about to fully rent out. I live in one side and is also on a VA. These are my only two properties for right now

I'm curious what to do with my condo. I have a 30k HELOC on the condo but have no balance right now on it. I've owned condo since 2014.

I could:

A. Sell it. Lose rental income and HELOC, gain the profit, reinstate VA entitlement move on to either:

 1.) Another rental property or

2.)Maybe a single family home to flip later/BRRRR?

B. 1031 exchange in tandem with A

C. Keep it rented, use HELOC to sort of use to invest in other things

D. Trying to figure out what other options to have.

I feel like my vision is a bit short sighted and I'm having a hard time thinking big picture. I'm not asking what to do. I'm more asking what's everyone's personal experience when up against this kind of decision making and what other options that I'm not aware of as well as things I haven't considered.  

Thanks!