Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 10 years ago,
"House Hacking" More important to get rid of PMI or buy property number 2?
I bought my first property (duplex) In July of 2014. It is now fully rented and positively cash flowing $380/month.
I currently have 7 percent equity in the property and as such am paying PMI ($147/Mo)
My question is... Is it more important to focus on getting 20 percent equity in this property -or- get financially creative and focus on buying property number 2?