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.
General Real Estate 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 1 year ago,

User Stats

5
Posts
4
Votes
Jason Hawkins
  • Rental Property Investor
  • Denver, CO
4
Votes |
5
Posts

Need advice on next move

Jason Hawkins
  • Rental Property Investor
  • Denver, CO
Posted

Hey all, I currently have a primary and rental. Not sure what to do for my next move. Contemplating selling the rental to get some cash for a new primary and renting out our current primary.  Wife and I really want to settle down with our 4 year old but I also want to continue acquiring rentals.

If I were to sell the rental and pay off what I'd owe on the HELOC I'd have $240k to put some down on a new primary then HELOC off of that and try to go more multi family route most likely CO springs or out of state.

Any advice is helpful.

Rental

Worth 650k

Owe 250k

Mortgage $1500

Rents for $3200

Have a HELOC on the rental with $105k available. Owe $100k-was used for down payment on current primary.

Primary

Worth $650

Owe $580

Mortgage $3400

Loading replies...