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Updated about 10 years ago,
equity or not to equity
Hello everyone, I already own one investment property. I want to expand. What is best, to take out the equity of this property and buy something that is at the equal or less than the equity amount. This way it would be 100% paid in full so that I can now borrow against this property equity. Or should I just seek financing for a new property? What are the benefits of either?