Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 years ago on . Most recent reply

Account Closed
  • Coppell, TX
14
Votes |
37
Posts

Need advice! what would you do?

Account Closed
  • Coppell, TX
Posted

I'm a Realtor and from time to time, good opportunities came my way. I have sold to my clients investors and the last one I keep it from myself to fix and flip. I used a Hard Money Lender, a great one, because I couldn't qualify for a HELOC being self employed, it took me a little over 3 months to get this flip done, and now I'm waiting to close by the end of April. I did pretty well there.

On the other side, I have equity in a rental and I'm thinking to sell it to fund my own deals, the market in Dallas has been appreciated on double digits and it is a seller's market, I can sell this one to my tenants  but the question is should I sell it or should I keep it and keep using the Hard Money Lender? 

the money that I'm making for my rental is the same money I have to pay in fees to the Lender. What would you do?

Loading replies...