I have two multi-family apts that have appreciated to the point I can borrow up to $40,000 against. I guess I could buy a few more multi-families or just keep paying down debt. What would you. Thanks
if the property would still carry itself pulling out $40k - Iwould pull it out and try to cherry pick a deal. right now in a lot of areas its a great time to be creative
Yes, the property would carry it self, one of them would still make good cash.
If you’re young, pull out the cash. If you’re close to retirement, pay down the debt.
Why not post the numbers?
Gross rents? Mortgage payment with cash out refi? Let’s see if this makes sense.
Mike