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Updated over 1 year ago,
ADU vs New Mortgage vs Existing Mortgage
Hello Friends,
I will be concise. I have 100-150k to invest and in need of your expertise.
- ADU: 5-6 yrs ROI, easy to find good tenant.
- 6-7% <$800k; cash flow with good tenants but not guaranteed.
- Lump sum add to existing 2.87% 30yr fixed with 622K loan. Possible to recast the loan?
I am leaning to the 2nd option but unsure. Please advise. Great Thanks!