Looking for advice on what my next move should be!

[David Campbell]

Good Evening fellow Big Pocketers,

Here's what I have.

I currently have 3 properites (Los Angeles, San Diego, and my primary in a small town in North Carolina). I am looking to do something with my LA house and wanted suggestions. Here's some info: I rent out the one in Los Angeles for basically breakeven each month. I have about six years left on the mortgage, great long term tenants. If I were to sell this minute, I would come away with just over 200k profit. What would you do? I envision some options in the form of

1. Selling the house, taking the equity and putting a down on a multi-plex in Southern California

2. Not selling, just taking the equity out and doing the same thing as #1.

3. Hold what I got. Tenants do not plan on going anywhere and the appreication has been good thusfar. 

4. Sell, taking the equity and buy a house outright to rent. 

I know there are a million different options out there, I am open to any and all suggestions. Thanks!

[Account Closed]

According to the popular BRRRR strategy, you should be re-financing and repeating with another rental. I would also look into 1031 exchange to go from that zero cash flow property into something larger with positive cash flow.