Hold or Flip?

[Shaun Hunt]

I am sure this site is full of answers regarding this question, but I need a little advice.

I just picked up my fourth investment property.  Once repairs are complete, I will have 50-65K equity.  I am quite excited about that.

I now have four mortgages, including my private home, totaling $315,000.  On a good day, all of my properties, including my private home, are worth about $600,000.

I am considering selling one of my primary home.  The problem is, I will lose one home just for the sake of having a home paid off.

I am losing thousands of dollars each year to interest payments. Not too sure when to say enough debt is enough and stop buying homes. :)

[Cal C.]

@Shaun Hunt Can you clarify?  Debt is okay as long as it is making you money and not causing hair loss.