Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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 5 months ago on . Most recent reply

User Stats

14
Posts
7
Votes
Duy Xuan Do
7
Votes |
14
Posts

Seeking Strategy Advices for my current situation

Duy Xuan Do
Posted

Hello everyone,

I live in PA and currently have 1 $200,000 mortgage on my house that worth around $370,000 right now on Zillow. I also have another long term rental property that is already paid off that worth around $170,000 max on Zillow now. My family is planning to move to Dallas, TX. I need some helps and advices on my next move.

I'm thinking to sell my rental property to get $150,000 cash in hand, then look for a Duplex/Triplex in Garland, Grand Prairie, Irving, or Arlington to do a House Hacking method to put only 5% down. Then look for another Duplex/Triplex in those area to put 20% down for another rental property. Once I sell my house for $370,000 and pay off $200,000 mortgage, I left with around $130,000 to look for another property to put down 20% again in the next year. Am I going to the right path? I need some helps and willing to listen for any advices on different path please. Appreciate it a lot! 

Thank you everyone!

Loading replies...