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Updated about 5 years ago on . Most recent reply
![Bryan Swift's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1600746/1621514056-avatar-bryans235.jpg?twic=v1/output=image/crop=214x214@0x0/cover=128x128&v=2)
Next investment move advice
I would love to hear thoughts on what to do on my next move the way I am currently structured. I'm 49, married with 2 high school kids and have the ability to put down $40 - 120K (would have to cash in stocks for the latter high end $ amount). My daughter is likely going to Boise State next year so I have been focused on possibly house hacking into a multiplex. Below are the stats for my two rentals and residence. The rentals are at a break even, but have built considerable equity including my residence. Looking for buy and hold investments for the long term. Let me know your thoughts!
Rental – San Diego Mission Valley - $273,595 equity
Mortgage 4.5% 30 yr fixed $167,560 balance; Value $446,255
Mortgage payment $1,421. HOA $409.87; Insurance $26.25 Rent $2,050. (Net +$192.88)
Rental – Las Vegas - $110K equity
Mortgage just put into 3.875% 15 yr. fixed $159,897 balance; Value $269,601
Mortgage payment $1,397.05 HOA $62.50; Insurance $35.58; management $104.63; Rent $1,395 (-$204.76)
Residence – San Diego - $1,129,370 equity
Mortgage interest 3.375% 30 yr. fixed $329,709 balance; Value $1,459,079
Mortgage payment $2,998.53; HOA $76
Home equity line – residence - $45,313. balance
Interest 4.74% 230K limit
Real Estate sum: $378,935 equity in rentals; $1,129,370 equity in residence
$1,508,305 total real estate equity
Most Popular Reply
![Bryan Swift's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1600746/1621514056-avatar-bryans235.jpg?twic=v1/output=image/crop=214x214@0x0/cover=128x128&v=2)
You may have missed the I just refi'd the Las Vegas rental from a 30 to 15 yr loan and the other two properties it would not make sense at the current rates they are at. Unless you are referring to pulling money out