Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Multi-Family and Apartment Investing
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,

User Stats

55
Posts
31
Votes
Austin Smith
  • Real Estate Agent
  • Newark
31
Votes |
55
Posts

$175k in equity, cash flow, and I STILL don't know my next move

Austin Smith
  • Real Estate Agent
  • Newark
Posted

Hey all just wanted to get your opinion. I'll make it nice and easy.

9 units stretched across 2 properties. 100k in equity in one, 75k in equity on the other. My wife and I bought these FHA.

The original plan was to buy two rentals with FHA, refinance, then buy two more with conv. 5% (I've already consulted with a couple underwriters and they have confirmed we can do this as long as it's a major upgrade from our current living situation - please let's not debate this part lol).

Not sure if I should:

1. Sell and now use those funds to start the process over (Doubt I would sell).

2. Continue with the plan

3. Go with an alternate plan which is to break into a cheaper market near me and use the equity as down payment via heloc.

4. Or just do all the above lol

What would you do? 

Loading replies...