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Updated almost 10 years ago,

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Kevin Deruyter
  • North Palm Beach, FL
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"House Hacking" More important to get rid of PMI or buy property number 2?

Kevin Deruyter
  • North Palm Beach, FL
Posted
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?

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