Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
House Hacking
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 5 months ago, 08/07/2024

User Stats

2
Posts
1
Votes
Donald Brown
1
Votes |
2
Posts

What would your next move be?

Donald Brown
Posted

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.


Loading replies...