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Updated almost 3 years ago,
How do you retrieve equity if owned free and clear
Can anyone tell me how this works?
I'm thinking of either:
A. Attacking the principal and having a property paid off free and clear possibly within the next 4 or 5 years to help scale and increase cashflow as there wouldnt be any debt service. This would bring greater equity since it's further down the road.
Or
B. Doing a REFI beforehand, taking the small amount of equity and going from there...also to scale.
But I wonder, how do I obtain future equity once it's paid free and clear?
Any help is appreciated, thanks