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Updated over 5 years ago,

User Stats

22
Posts
8
Votes
Victor Valle
  • Flipper/Rehabber
  • Portland OR, Charlotte NC
8
Votes |
22
Posts

Selling and get $180K vs keeping for $1000/mo cashflow

Victor Valle
  • Flipper/Rehabber
  • Portland OR, Charlotte NC
Posted

Hello fellows, I am in a situation that I need more advice than my uncle Joe.

I have a house with my business partner with $180K in equity, if I sell, I will get $115K and some business savings of $50K for a total of $165K cash that I can put in a bigger property.

If I buy out my partner for $50K, I will ended up with the house (it has a detached ADU), equity overtime and the cashflow that generates (in Airbnb) for $1000/mo NET, but I won't have any cash to invest, unless I pull a HELOC.
Any thoughts?
Thank you!


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