Should I sell or keep my house in Hawaii?

[Junior Matthews]

Hello, I wanted to get input on whether I should sell my house in HI or not. It’s located in Kapolei, Hi and supposedly they are building up this area like crazy. After all closing cost fees, I would get around 40k. The property doesn’t cash flow at all. My concern is selling a property that has strong potential to appreciate in the near future. Any thoughts or recommendations is much appreciated. Thanks!

[Troy Sheets]

Originally posted by @Junior Matthews:

Troy, I have around 100k in equity, however, what I'm finding is the majority of banks will only do a 75-80% LTV on a HELOC or cash out refinance. At that point, it really doesn't make sense based on what I owe.

You're only getting $40k for selling, correct? You won't get $40k in a LOC?