HELOC vs selling cash flowing property

[Matt DeCamp]

Hi guys,

I'm stuck in over Analise mode and need some outside input. I have one rental property that cash flows well. here are the stats

size:2 bed one bad 

Location: Watsonville CA

APR: 350k

Loan: 140k

Payment: 1100 including taxes insurance and PMI (yes I need to refinance and get rid if the PMI)

Rent: 1600

My question is: what should i do whith the equity? In my mind the two options are cash refinance/heloc OR sell it.

I want to invest the money in long term rentals, but cant decide if i should keep this cash flowing property and take out as much of the equity I can to invest it in other places or sell it and get all of that equity, and invest elsewhere and try to replace that cash flow too.

also i wouldn't have to pay capitol gains if i sell in in the next year because i lived in it reasently.

[Joe Villeneuve]

@James L. I used to be that way too.  Then I realized that Henry Ford didn't make his millions because he built a better car, he made his millions because of the assembly line...which is just a form of teamwork on steroids.