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Updated over 1 year ago,

User Stats

44
Posts
9
Votes
John De Souza
Pro Member
  • Investor
  • Arlington, TX
9
Votes |
44
Posts

Ideas on how to proceed on a duplex

John De Souza
Pro Member
  • Investor
  • Arlington, TX
Posted

Hello- I have a duplex (2 doors but separate deeds) fully renovated, one side is leased that cash flows with a 30 year note and the other side I completed the rehab this week.  With the interest rate increase I am thinking of some exit strategies:

1- sell the newly renovated unit so I only keep half of the duplex (I would profit from the sale);

2- sell the entire duplex (2 doors): I can offer subject To financing (in a LLC with a 7%, 30 yr fixed note) that cash flows on unit (1) and the second unit that is renovated the buyer can use a 3rd party lender to purchase (I would profit from the sale of both units);

3- rent out the second unit for limited cash flow and keep the equity; then complete a cash out refinance to get 75% of my investment back.

Thanks!

  • John De Souza
  • Loading replies...