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Updated over 7 years ago,
Cash out refinance OR line of credit?
Hi everyone new to bigger pockets and hoping I can find some help.
I'm a young guy just starting to invest and in my mind I have a few options but don't know what the best way to go is for long term investing.
I've got a 3 unit in chicago right now that's an fha loan that has 25% equity in it today. Then I have 4 single family homes in Indiana three of which I own free and clear.
I want to purchase more but don't know if I should cash out refinance the 3 SFH's or get a line of credit on them.