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Updated 8 months ago on . Most recent reply

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13
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19
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Julie Philpott
19
Votes |
13
Posts

Advice on Selling situation

Julie Philpott
Posted

Hello, I own a small condo in the greater Boston area (Fall River). It has been a great rental with a fixed conventional mortgage rate, generating cash flow from day 1 and already gaining equity due to the increased value. However, I have found it tiring to manage since it is far away from my primary residence. I have attempted to put it on the market for sale, but there hasn't been much interest. I am considering taking out a HELOC on this property to purchase another property closer to my primary residence. Please provide me with some advice.

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