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Updated about 11 years ago,

User Stats

21
Posts
5
Votes
Justin Campiotti
  • Real Estate Investor
  • Los Banos, CA
5
Votes |
21
Posts

Should I cash out???

Justin Campiotti
  • Real Estate Investor
  • Los Banos, CA
Posted

Hello BP,

I have an investing dilemma. I have only one investment property, a rental which I own outright, but I would like to expand my real estate portfolio . Does it make sense to pull money out with a 70% LTV loan and reinvest that cash in a different property.

The rent on the original investment will be just over the 50% rule with the new mortgage in place.

I am just so conservative that I cringe at the thought of having payments on a property I currently own. On the other hand, the quickest and easiest way for me to get additional capital to invest is to cash out.

Looking for some sage guidance, thanks!

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