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Updated over 5 years ago,
What to do with mortgage free property?
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