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Updated 10 months ago, 03/14/2024
I would appreciate advice on next steps from experienced investors.
I currently have 2 investment properties, both single family homes. I cash flow about $700/month each. I have a good amount of equity in both as well. I really want to grow my portfolio and am thinking about doing a cash out on one of them and start brrrr'ing or perhaps just buy something bigger like a quadplex. The kicker is my interest rate is 3% on both.
Should I sacrifice the cash flow and the great interest rate to jump start my real estate business?