Updated over 7 years ago on . Most recent reply
Seasoned investor guidance on strategy
Hello,
Seeking guidance......I will do my best to give as much detail and keep it short. All wisdom will be greatly appreciated.
Current situation:
Househacking for 3yrs - 2 unit property with 80k equity and 720 in monthly cash flow potential if both units are rented.
House is in need of the following capex items soon....Roof/Gutters/Insulation and Third Electrical curcuit box (Common area).
If I used a Heloc to fund the capex items it would take 4 yrs of investing all cash flow into paying of the Heloc. So the cash flow option would not become CASH FLOW for 4 years.
What additional information do I need to consider in determining if I should sell or hold?