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Updated over 4 years ago on . Most recent reply

Joey Jenkins's profile image
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Joey Jenkins
  • from Adrian, Michigan
  • Member since Jul 27, 2015
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Joey Jenkins
  • from Adrian, Michigan
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  • Adrian, MI
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Refinancing my house to buy an aparment

Joey Jenkins
  • Adrian, MI
Posted

I have $ 80,000 in equity in my home. Trying to decide either to sell my home or pull it out so i dont have to move my family. In order to invest in real estate. Brrrr strategy seems great but with low long term rental income. Just looking for some options/advice.

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Reece Iovine's profile image
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Reece Iovine
  • Realtor
  • from Columbus, OH
  • Member since May 30, 2016
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Reece Iovine
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  • from Columbus, OH
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Reece Iovine
  • Realtor
  • Columbus, OH
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Reece Iovine
  • Realtor
  • Columbus, OH
Replied

Cash out refi if you have a low enough LTV and are looking to remain in the property. Cash out reif is non taxable however if you've lived in your home a while that will be tax free as well if you sell so either option would work.

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