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Updated over 5 years ago,
Cash or home equity???
Hello, I I am looking to start buying commercial rental property real estate. What I have is 110,000 that I have saved up and I also have a house that I already have rented out which has about 90,000 in equity. I still owe about 75,000 on that property . To get the most out of what I have would it be smarter to pay off the property and get a HELOC on the whole worth of the property or should I just keep the cash that I have and get a HELOC on the current equity that I have on my property.