6 Figure Equity? Cash Flow? ... or Flip
Hello everyone...
I would like some of your personal thoughts on a situation i am currently facing.
I have a rental property that is currently grossing about $3600 annually. I have over $100k in equity, but still have a mortgage balance of around $116k. My question is, in your own opinion... would you sell and try a flip? Refi and take equity out, but be breaking even on the cashflow? Do nothing? ...
Any and all feedback and opinions are greatly appreciated.