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Updated about 9 years ago, 10/25/2015

User Stats

39
Posts
8
Votes
Marquis W.
  • Investor
  • Albany, GA
8
Votes |
39
Posts

Would it be wise to take equity out of primary home to buy rental

Marquis W.
  • Investor
  • Albany, GA
Posted

I am getting ready to refi my primary home so that I can get rid of PMI and do a 15 year instead of 30year mortgage. I am struggling with if I should just refi the reminding balance or being that I got a amazing deal on my home and have enough equity in the home to buy 2 rentals if I should do that instead? I know that commingling is a deadly sin when it comes to real estate and I feel like thats what I would be doing if I use money from my primary home to fund my business. Any opinions?

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