All Forum Posts by: Joe Vigurs

awesome, thank you so much!

Can you 1031 a duplex (long term rental currently) or multiple duplexes to invest in a beach front property and use it as a short term rental? Any help is appreciated, thanks!

Looking for the best option.

Have HELOC on primary residence (50K).

Rental property breaks even (gets $1750/mo.Used to be primary residence).

Owe 240K on rental. Valued at 275k (FHA loan with PMI fixed in).

Do I attempt to pay this down to have the property cash flow? Do I start an LLC and refi it into that (if possible with some of the HELOC money). Using those HELOC strategies to pay off mortgage in 5-7 years.

Do I just keep that property breaking even, increasing equity and net worth?

Or look for another rental deal with HELOC money?

Looking for advice on the best strategy and most money maker. Thanks for the help!