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Updated about 6 years ago,
$450,000 in equity, what do I do?
Hello BP!
I have a good problem. I have a SFH rented out in the Seattle area, about three miles from Amazon's HQ. It has gone up a lot in the last few years. It now has about 450K in equity. I have it rented and cash flowing a small amount. I know it's bad practice to have so much equity in one place and I should refi and buy more. The problem is I have a 3.7% fixed rate on it, so a refi would be much higher at this point probably eliminate the small cash flow. Any ideas or advice would be appreciated!
Best