Selling now could free up your equity, giving you the option to diversify into other investments or markets that align better with your new life on the East Coast.

Please feel free to reach out with any questions.

Feel free to ask any questions here.

From sourcing turnkey rental properties to finding long-term residents, and comprehensive property management, our expert team offers a full-service solution for a truly stress-free investing experience.

If you ever have any questions regarding this or in general feel free to reach out I enjoy helping and ensuring other BP members avoid lost time and money. 

It will be a clean BRRRR and will be able to own the property free and clear after the cash out refinance.

A few thoughts on that:1) The reason those accounts are “administratively unfeasible” is that they were so cheap that nobody (like say Inspira) wanted them, even for free.

For example, a property in San Diego may lose $500 per month ($6,000 per year) but gain $60,000 per year in value, making it worthwhile to "lose" money each month in exchange for long-term gains.I recommend you start with BiggerPockets Ultimate Beginners Guide (free).

Shout out to permit professionals like Roy Hasson (just a friend in LA specializing in navigating permit process - this is not a business play we do not work together), who are dedicated to helping others and will likely develop similar resources to support their communities through the rebuilding process.If you’re working on rebuilding efforts or have questions, feel free to connect with me—I’d love to collaborate.

You have used home equity lines of credit to purchase investment rentals and want to know the best way to pay down the HELOCs.Between the two properties you bought, after expenses, you have $250 a month positive cashflow to use.What I like to do is pay down some principal every month with my positive cashflow.I use my extra active income from real estate commissions helping other investors to pay down the principal even more which just frees up that credit for me to use again.I know I can refinance the HELOC debt before it changes to principal and interest as it is just interest only payments as yours are.One difference is the cashflow, I have greater positive cashflow and could make the principal and interest payment in the future with the extra cashflow I already enjoy.I always get HELOCs on my income properties as well after purchasing them to pull out as much of my downpayment as possible.