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Updated almost 6 years ago on . Most recent reply

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7
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Denep Gonzalez
  • Virginia Beach, VA
0
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7
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New to investing, Need advice. Please Help. :)

Denep Gonzalez
  • Virginia Beach, VA
Posted

The wife and I are new to real estate investing.... like new new... Anyway, we own a second home that has equity, but not enough to get a HELOC annnnnd the rent we receive is just enough to pay the mortgage. Should we sell, collect the equity, and invest it into other property? refinance for a lower rate, that way we can make a profit off of the rent? or leave as is and just start our investment venture from scratch using hard money lenders?

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