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Updated about 6 years ago,
Use my equity to try the Brrrr approach
I have about $70k equity in my rental property (30 year fixed 4.5%) and about $50k equity in my residence home (30 year fixed 3.375%). I would like to use some equity to add another rental to my portfolio using the Brrrr approach.
Questions are:
Which property should I pull from?
Do I do a cash out or HELOC?
Any advise or links with more info on how make this transaction a success is appreciated.