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Updated over 1 year ago,
HELOC vs Sell
Do we sell a property that cash flows about $500 a month or do we get a HELOC at 10% interest?
If we sell the property we would be able to use about $100,000 to put towards other investments. I think we would be able to buy at least 2 more properties with $100,000. If we decide to go the HELOC route we would need all 3 of our properties to pay for the HELOC. The newest property would not be able to cashflow if we pulled the monthly payment from there.