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Updated over 6 years ago on . Most recent reply

User Stats

17
Posts
12
Votes
Krystal Stone
  • Rental Property Investor
  • Mesa, AZ
12
Votes |
17
Posts

Heloc, refinance or sell?

Krystal Stone
  • Rental Property Investor
  • Mesa, AZ
Posted
Hi, We currently have a rental property that we make $450 on each month. Our equity in the rental is $100k maybe a bit more if we make some updates. We remodeled the home we currently live in and are nearly done. Our equity is $100k+. We are thinking of selling both properties in the spring to purchase more properties. I would like feedback on what other people have done or suggestions. The market where we live is somewhat high right now and Is not the best market to buy in. Were thinking about Buurring or multifamily out of state. Should we re-fi, HELOC or sell our properties?

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