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Updated 3 months ago, 08/23/2024
Investment advise needed
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!