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All Forum Posts by: Rob Millsap

Rob Millsap has started 1 posts and replied 1 times.

General Real Estate Investing

Post: Sell, cash out refi or continue renting

Rob MillsapPosted
  • Posts 1
  • Votes 0

Hi, 

I currently own 3 properties in the metro Detroit area that are creating a cash flow of about $400 per month. I purchased the properties for under 50k each. I have a heloc and mortgage on two properties. One is free and clear. I owe a total of about 90K. The homes in the area are currently selling for 160-170k range. Should I sell, cash out refi all three properties or hold. 

Any advice would be greatly appreciated. 

0 Votes