Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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,

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...