Hypothetically, if you had ~$375k net, locked up in equity under a joint filing for a condo in CA., how might you leverage it in today’s market?

Any thoughts/ideas are greatly appreciated - newbie in the spaces. TIA!

Current:
- 3.75% APR
~ $2k/Mo. Total Expenses
~ $3k/Mo. Rental Rate
- Prime location near public transit + universities

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sell it and move to a red state

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Not much you can do…

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I personally would do nothing with that, save the extra cash flow in t bills or HYSA until you’re ready to buy your next place (primary home?). Generally though I prefer putting money in a no-HOA SFH over condos but your rate’s pretty good so I’d just leave it alone.

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Get a 200k Heloc and wait until rates go down and keep a watchful eye out for distressed opportunities

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you have to move to a red state, just don't bring any blue state values with you or well all be poor

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Nothing now.

Right now? Nothing. Stay the course for now.

its sCalifornia so your kinda screwed.....after taxess and fees you will probably break even....im sorry,, hope you at least make your money back

I’m a real estate agent, if you need help. Let me know!

I’m finding deals on the west coast. You don’t have to pull equity. Rates are 6.7%. If you can at least break even on cash flow. Then rates continue down you could take advantage of seasonality and pick something up this winter while it’s still a bit slow. I’m making no full price offers in January. Refinance in a year or two and it’s profitable. I haven’t seen any data to suggest we’re gonna see a 10 or 20% decline in prices in the PNW. I’ve got a flip that pencils out with about 100k of margin. All I gotta do is keep the flaky contractors on a schedule, take the risk, put up the cash.

Wasn’t Portland the only metro to see price declines in the latest Case Schiller release?

Get a Heloc > invest it in FI > get a line of credit > buy another property

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