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Updated over 3 years ago on . Most recent reply

User Stats

9
Posts
1
Votes
Kate M.
  • Investor
  • Blue Bell, PA
1
Votes |
9
Posts

Need advice on equity positioning and strategy for next purchase

Kate M.
  • Investor
  • Blue Bell, PA
Posted

Hello All! Happy New Year to you all!!! I was hoping to get some feedback/advice/planning. Basically, I have a rental property that I am hoping isn't too late to refi (4.62%)... There is a good bit of equity in it. Would it be best to leave the equity in the rental at this point considering the market conditions or shoot for a cash-out refi? The idea was to try and get a new fixer-upper to repair and do BRRR by leveraging the equity in the rental property. Thoughts? Suggestions? Feedback? Any help is greatly appreciated.

Thanks!
   

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