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Updated over 4 years ago,
To refinance or to sell that is the question ???
So we bought a house for $127,000 that we currently are living In with a mortgage of $1000 a month. The house is currently valued at $200,000 In my area. I’m wondering if we should sell the house and pay off our debt leaving us with $50,000 profit? Or should we pull the equity that’s around $20,000? I am looking to reinvest in the house to build passive income using the Brrr method.