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Updated over 4 years ago,

Kevin Raye's profile image
Kevin Raye's profile image
Kevin Raye
  • Wholesaler
  • from Miami, Florida
  • Member since Jun 8, 2009
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User Stats

63
Posts
9
Votes
Kevin Raye's profile image
Kevin Raye's profile image
Kevin Raye
  • Wholesaler
  • from Miami, Florida
  • Member since Jun 8, 2009
Connect
Kevin Raye
  • Wholesaler
  • Miami, FL
9
Votes |
63
Posts
General Real Estate Investing

Refinancing a rental home with equity advice

Kevin Raye
  • Wholesaler
  • Miami, FL
Posted

I have a Rental property that is renting for $1850 per month. I owe less than 60,000 and my mortgage is around $700 per month. As of now the house is worth about 250 K. Should I pull the equity out and buy more real estate or should I work on paying off the current mortgage. Any advice would be appreciated.

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