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Updated 5 months ago, 08/07/2024
What would your next move be?
Im 36 Male I make $52,000 a year on my 9-5.
I own
3 Family 4/2/2 Purchased 2021 380k Currently worth 590k 2.9% Interest Cash flows $1,450 a month.
Equity: 250k
2 Family 3/2 Purchased 2023 475k Currently worth 600k 7.25% Interest Cash Flow -1,100 a month ( I live in one of the these)
Equity: 98k ( yes i put 20% down)
55k in Stocks mostly apple/vti/qqq
5k Cash (reserved for emergency missed rent payments) in a 4.50% savings account
No credit card debt no car loans
I do have 60k in open credit cards 8k available for no interest for 15 months.
I have a 50k Heloc on my 2 family unit at 8% interest 10 year interest only 10 year repayment
So as a investor what would some of you guys suggest as my next investment move? keep saving/stacking with stocks/cash? make a move with the Heloc? sell the 3 family and buy 2 more properties with it that dont cash flow? Ill accept all answers and let me know if you got other questions on my scenario.
I just feel like Im at a spot where the options here are endless and I want to continue building my assets to create family wealth and retire early and enjoy life.