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Updated 3 months ago, 08/23/2024

User Stats

22
Posts
15
Votes
Amber Straub
  • Investor
  • Naples, FL
15
Votes |
22
Posts

Investment advise needed

Amber Straub
  • Investor
  • Naples, FL
Posted

Hello all, 

I am a newer investor who currently holds two multi fams going really well. This post is for a friend who came to me seeking advice and I thought I could extend to this amazing community . 

My friend has a 4/3 home in Fort Myers FL, who is in the middle of a divorce. 

Current home value: $523,000

Amount owe: $263,000

Equity: $259,000

Interest rate/loan: 2.25%/30 year

obviously refinancing would be a hit with that interest rate, considering either selling or HELOC and investing into multi fam via house hacking.

Was wondering if anyone has any input or other advice! 

Thanks in advance! 




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