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Updated about 5 years ago on . Most recent reply

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15
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0
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Paul Latendresse
  • Martinsville , IN
0
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15
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Should I sell and invest in something else?

Paul Latendresse
  • Martinsville , IN
Posted

The house I live in I owe 198,000 on and it’s worth 234,000. I have no liquid cash, a 22,000 personal loan, but I have a duplex I owe 65,000 worth 170,000 that rents 1600 a month altogether minus the 720 dollar mortgage. So cash flow is 880 a month. There’s not much as far as multi family that even makes financial sense to me in this market. What would you do?

Most Popular Reply

User Stats

357
Posts
258
Votes
Chace Fraser
  • Realtor
  • Portland, OR
258
Votes |
357
Posts
Chace Fraser
  • Realtor
  • Portland, OR
Replied

@Paul Latendresse it sounds like a good option would be to cash out refi or HELOC like @Austin Steed recommended.

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