Updated about 8 hours ago on . Most recent reply
Keep, Sell, or DSCR, not heloc eligible
I have a single family rental in west Texas that rents for $1,600. The mortgage is $850. The interest rate is .225. I hate to give up that sweet interest rate but I feel like that equity could get me a better return if I put it somewhere else. I'd likely get 110k net after tax if I sold. I can sell basically tax free due to previously living in the property. I can't get a HELOC because it's in Texas on a VA loan. I could DSCR and lose basically all of my cashflow and pull out about 50k. I sold some properties during the COVID era and I deeply regret it because everything keeps on going up due to inflation. What would you do? I really just want to get like 30k so I can fix up one property, have some reserves, and buy another.