Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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...