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Updated almost 4 years ago on . Most recent reply

User Stats

10
Posts
2
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Justin Webb
  • Yulee, FL
2
Votes |
10
Posts

Seeking help looking at pros and cons for my first real investmen

Justin Webb
  • Yulee, FL
Posted

Hello all looking for different perspectives.I have a single family home I rent out. The rental income covers maintenance, property management and mortgage payments with a little extra. The equity I have built up gives me a option to refinance and get some cash I intend to use towards another rental property .

However the mortgage payment would increase meaning that property would break even.
My other option would simply sell that property and potentially have enough to support the purchase 2 properties with better cash flow. Thank you

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