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Updated over 3 years ago on . Most recent reply
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Should I sell or Cash Out Refi?
I have an investment property which I can cash out refi at 3.625% and take out 53k. My mortgage payment will go up $40, my monthly profit will be $370. (Rent minus mortgage / HOA / Maintenance )
OR
Property appraised at 256k, I owe 129k. Estimated profit if I sell: 90-100k
My goal: Buy an investment property and a primary property with a finished basement to house hack.