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24
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6
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Junior Matthews
  • Real Estate Agent
  • Richmond Hill, GA
6
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24
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Should I sell or keep my house in Hawaii?

Junior Matthews
  • Real Estate Agent
  • Richmond Hill, GA
Posted
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!

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1,401
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902
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Troy Sheets
  • Developer
  • Philadelphia, PA
902
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1,401
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Troy Sheets
  • Developer
  • Philadelphia, PA
Replied
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?

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