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Updated over 7 years ago on . Most recent reply
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Home equity loan for rental properties or use savings
Dear forum members,
So I should I pay off my mortgage in 5-6 years and take home equity loan to buy rental properties or use savings from the next 5 years to buy rental properties?
Which is best most profitable plan?
Thank you kindly.
Your feedback is much appreciated.
Best,
Sue
Most Popular Reply
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OR Lend out the savings as a private lender, pay off the mortgage and buy your own properties with a HELOC. WIn-Win. Make money 2 different ways and get the returns of real estate with both!