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HomeForumsBRRRR - Buy, Rehab, Rent, Refinance, RepeatAdvice on Selling situation
Julie Philpott's profile image
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Julie Philpott
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Julie Philpott
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#5 Multi-Family and Apartment Investing Contributor
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BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Advice on Selling situation

Julie Philpott
Pro Member
#5 Multi-Family and Apartment Investing Contributor
Posted Jul 14 2024, 15:43

Hello, I own a small condo in the greater Boston area (Fall River). It has been a great rental with a fixed conventional mortgage rate, generating cash flow from day 1 and already gaining equity due to the increased value. However, I have found it tiring to manage since it is far away from my primary residence. I have attempted to put it on the market for sale, but there hasn't been much interest. I am considering taking out a HELOC on this property to purchase another property closer to my primary residence. Please provide me with some advice.

Boston, Massachusetts
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