Selling - best use for resulting $300k capital

[Michael Rivera]

Hello BP Community!

I am planning on selling one of my properties because I believe I can find better use, and better monthly cash flow, with the equity.  When I sell, after all fees, $300k will be available as capital.  I have a few options and would love your feedback or ideas for other options!

Option 1: Paydown and refi a loan on another property by $300k to increase monthly cash flow by $1000.

Option 2: Buy one (or more) new properties with monthly cash flow of at least $1500.

Option 3: Use the $300k to lift a single family home I own and create an extra 2 br unit.  This would then be a duplex with a 4 BR unit up and a 2br unit down.  Via regular rent, monthly cash flow would increase by $2500.  Via AirBNB or short term, monthly cash flow would increase by $4000.

What would you do?  I'm leaning towards option 3, as this capital would increase cash flow most and also increase value of the property.

Thanks!

Michael

[Russell Brazil]

With that much cash, I might consider going the apartment building route.