Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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 over 5 years ago on . Most recent reply

User Stats

18
Posts
3
Votes
Michael Almeida
  • Contractor
  • Fort Myers, FL
3
Votes |
18
Posts

What’s my best option now ? what should i do ?

Michael Almeida
  • Contractor
  • Fort Myers, FL
Posted

I have a house i bought for 100k i still owe 85k , i did a lot of stuff in my house as i’m a remodeler , the house worth 155k now.

And i have 20k cash i’ve saved .

Should i sell the house ? refinance ? What’s my best option now ? I would like to sell the house and get what is left to buy another cash , and get out of monthly payments .

Most Popular Reply

User Stats

806
Posts
744
Votes
Bryan Devitt
  • Contractor
  • Oxford, MA
744
Votes |
806
Posts
Bryan Devitt
  • Contractor
  • Oxford, MA
Replied
Originally posted by @Michael Almeida:

@Bryan Devitt the house would rent for $1200 easly .

I’ve been thinking on refinance too , but as i don’t have ssn yet my possibilities are short . This house was owner financing .

 I would follow your plan then. Sell it and take the money to either find another fixer upper to do it again. 

Loading replies...