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What to do?

Looking for advice on my DADU exit strategy! I'm finishing up a DADU project and trying to figure out the best next steps. Once it's done, the property value will increase, leaving me with about $150k-$200k in equity.

I currently am 2yrs into a 30-year mortgage at a 5.5% interest rate @ 2700/mo but the property isn't in an ideal area-it has high crime, a lot of noise, and low-income apartments are being built right next door. I'm debating whether to sell the property and cash out the equity to fund my HVAC business or hold onto it, rent out the DADU and main home (roughly $3400) and use it as a long-term investment.

My ultimate goal is to either buy another primary home in a better area or rent after this project is complete. For context, I'm 25 and I'm focused on growing my HVAC business which I know is where my time is best spent.

I'm torn on what to do here, anyone been in a similar situation?

submitted by /u/Sweet_Swordfish5206
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1hpiy17/what_to_do/
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