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Updated over 1 year ago,
Leaving CA. Hold my primary or sell and reinvest?
Orange County, CA ( La Habra)
On my current residence, owe approx $335k + $135k HELOC (down payments for out of state rentals). Home worth $825k give or take. Mortgage at 3.125% and a payment incl. taxes and insurance around $2,200, could rent for ~$3,500.
Currently the out of state rentals cash flow a total of $400-500/mo including covering the HELOC, the HELOC payment is $750, which would be paid off with sale. It's locked at 4.75%
I’m aware of the capital gains exemption to be realized by selling within 3 years of moving which is what has me leaning towards selling.
It's amazing that a $10k FHA down payment in 2010, has ultimately led to the above situation.