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Updated about 6 years ago on . Most recent reply
cash out commercial property or line of credit??
Hi there guys. New to the forum and was looking for some advice. Just picked up a prime location office building in high traffic area. Paid cash to get deal and was wondering if I should take out mortgage on it or just get a line for the next move? I do not need the money that I paid for the property but also not against having it ready in case next move is a larger one.
What would you guys do in this case? I would hate to pay 5% to close again after the cash purchase.
Thanks!