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Updated over 5 years ago,

User Stats

38
Posts
10
Votes
Ronald Mejia
Pro Member
  • Real Estate Agent
  • Los Angeles, CA
10
Votes |
38
Posts

What to do with mortgage free property?

Ronald Mejia
Pro Member
  • Real Estate Agent
  • Los Angeles, CA
Posted

Our family home is currently rented out and mortgage free. There are no plans on going back to occupy the home. The goal is the grow into real estate portfolio.

It earns positive cash flow but does a SFH carry more risk depending on a single tenant?

What are the upsides of selling and 1031 exchange into a multi-family investment property?

OR keep property and tap into HELOC and purchase investment property with those funds?

Thanks

  • Ronald Mejia
  • Loading replies...