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Updated almost 9 years ago, 01/26/2016

User Stats

18
Posts
3
Votes
Derick Davis
  • Investor
  • Arlington, TX
3
Votes |
18
Posts

SFR with 50k equity what to do with?

Derick Davis
  • Investor
  • Arlington, TX
Posted

Hello all, I have a SFR that i have about 50k equity in, I have a 15year note, payments are 995 and it rents for 1250 a month, Im thinking about selling next summer, my question is should I sell this property and invest the funds into a 4 plex or multi-family units or should i jump into the buy and flip game? I have a stable W2 but i am feeling that I either need to acquire more property to build my portfolio quicker. I have tried getting a heloc but since it is not my primary I have not had any success. So my question is what would you do in this scenario, I greatly appreciate all and any advice

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