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Updated over 5 years ago,

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4
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Brett Ducharme
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4
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Sell Rental or Refinance?

Brett Ducharme
Posted

So I find myself in a situation where- as I learn more about BRRRR, am having difficulty in choosing what the best option is moving forward.

In 2011, I bought a 3/2/2 for $91,000. I did manage to take a HELOC for $30k over the years. Currently, I owe $106k all together. It is also being rented out. The realtor I work with, said the house could get around $200-210k. Should I sell the house, take the profits and invest in other properties? Or should I refinance and purchase another property with a line of credit?

Thanks for any information. 

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