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Updated over 1 year ago,
Financing decision Heloc
Hey Guys
Need some opinions :)
Just paid off primary home worth about 200k
A rental we have we owe 9k value 100K. This one we make $300 a month right now until it's paid off. After it's paid profit will be $580 a month
Another rental we owe 60k and worth 130k. This one we are even monthly.
Credit score about 630
10k credit cards ( I'm paying them off )
Income on paper is bad
If I can do I do a heloc to buy another unit or refinance what I just paid off and have cash to buy ?
We want to get more units
Thanks