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Updated almost 4 years ago,

User Stats

2
Posts
1
Votes
Justin Smith
  • Philadelphia, PA
1
Votes |
2
Posts

What path would you take in this situation?

Justin Smith
  • Philadelphia, PA
Posted

I currently own one property in Philadelphia that I currently live in/house hack. I purchased the home with an FHA about 2.5 years ago and just recently refinanced to a conventional loan leaving me with 99k in equity according to the appraisal.

I want to continue building my real estate portfolio and this current situation leaves me with a few options between taking some equity out to put towards another property, sell the home to move into a smaller house and use the remaining profit towards another property, turn my current home into a rental and take out an FHA for another home, etc..

Just wanted to hear your guys thoughts on what you would do in this situation since I don’t have a clear path I want to take and to see if you may have alternative idea I may not have thought of.

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