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Updated almost 11 years ago on . Most recent reply

User Stats

5
Posts
1
Votes
Jack Justice
  • North Little Rock, AR
1
Votes |
5
Posts

Need help!! Residential or Commercial

Jack Justice
  • North Little Rock, AR
Posted

This question may have a very simple answer but I am very new to this so I figured the more help I could get the better!

I currently have three residential homes that I have worked very hard to pay off. Total value is $250,000. They collectively bring in $2200/month.

My question is should I sell them and use the money for a down payment on a large commercial property like apartments or keep them and get a loan using the properties equity and just hang on to them?

Any help would be great and very sorry if I am asking this in the wrong section, doing it off my phone and this is my first post.

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