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Updated 5 days ago on . Most recent reply

Sell or hold when trying to grow?
Hello, have a doublewide house that is paid off currently worth $230k and renting at $1600 per month. The cash flow is nice but it is difficult to find a lender that will do a HELOC or even conventional financing to grow.
I’m considerIng selling this property and seeking opinions on how to best use the cash.
I could purchase a duplex for ~$250k and $1000 per side increasing my gross revenue by $400. Then HELOC this property.
There is 3 duplex’s for sale at $235k I could put 20% down on each and buy all three.
Considering buying land in town and building 2 modular duplexes or triplexes to avoid sprinkler systems. Most expensive option but should create the most equity.
Or purchase a larger multifamily ~$1M
Not considering BRRR at this time.