Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

9
Posts
2
Votes
Jared Palacios
  • Rental Property Investor
  • Rancho Cordova, CA
2
Votes |
9
Posts

6 Figure Equity? Cash Flow? ... or Flip

Jared Palacios
  • Rental Property Investor
  • Rancho Cordova, CA
Posted

Hello everyone...

I would like some of your personal thoughts on a situation i am currently facing.

I have a rental property that is currently grossing about $3600 annually. I have over $100k in equity, but still have a mortgage balance of around $116k. My question is, in your own opinion... would you sell and try a flip? Refi and take equity out, but be breaking even on the cashflow? Do nothing? ...

Any and all feedback and opinions are greatly appreciated.

Loading replies...