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Updated over 5 years ago,
$175k in equity, cash flow, and I STILL don't know my next move
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?