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Updated almost 5 years ago,

Grant Young's profile image
Grant Young's profile image
Grant Young
  • Investor
  • from West Olive, Michigan
  • Member since Oct 27, 2016
Connect

User Stats

3
Posts
1
Votes
Grant Young's profile image
Grant Young's profile image
Grant Young
  • Investor
  • from West Olive, Michigan
  • Member since Oct 27, 2016
Connect
Grant Young
  • Investor
  • West Olive, MI
1
Votes |
3
Posts
Multi-Family and Apartment Investing

Best Practice to Pull Money Out of a Paid-Off Rental??

Grant Young
  • Investor
  • West Olive, MI
Posted

I own a duplex and have it paid off no mortgage. It is valued at 250k. I would like to take cash out to buy another rental. What is the best practice to pull money out of a paid-off rental, in efforts to buy another rental??

a. Cashout Refinance? 

b.HELOC?

or c. Line of Credit? 

I am at the investigating stage and learning about the options. I appreciate any advice anyone can spare! 

G

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