All Forum Posts by: Milan Villarreal

 This is an interesting strategy, but leaves all our leverage untouched... and yes the big question would be if we could live in a home/multifamily with 5% down... using the rest of our family savings... doesn't leave much liquid cash. 

Great guidance Joseph, thank you. We are considering selling and focusing 100% on a new market where we will be living. 

In your experience do homes in the valley/Brownsville area do well with better with long term or short term (air bb)?

 That is kind of the idea... but I want to led it to myself and build a real estate portfolio. 

Hello BP folks!

My wife and I have a 4bed 3bath house in the RGV with a swimming pool and 2.5% interest rate. We have about 230k of equity in the house. But we likely will be moving in a year to San Antonio or Austin. We want to get started with Real Estate Investing and grow a portfolio. Our idea is to rent out our home and use the equity (HELOC or cash out Refi) to move into a multifamily.

If we use a HELOC we would need to refinance quick to pay off the debt... and that stresses me out. If we cash out refinance we would likely lose our low interest rate. Is it even worth keeping the house in the valley or should we just sell and move forward to a new market? I'm nervous about getting into debt. Any guidance is appreciated. We are excited to be part of this community.

Our situation: My wife and I have a 4bed 3bath house in the RGV with a pool and 2.5% interest rate. We have about 230k of equity in the house. But we likely will be moving in a year to San Antonio or Austin. We want to get started with Real Estate Investing and grow a portfolio. Our idea is to rent out our home and move into a multifamily, do a house hack, get an FHA or conventional loan, using the equity on our valley house, by either a HELOC or cash out refinance… but I'm nervous about getting into debt. Any guidance is appreciated. We are excited to be part of this community.