Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 2 years ago,

User Stats

11
Posts
4
Votes
Patrick Williams
  • Real Estate Investor
  • Berwyn, IL
4
Votes |
11
Posts

Tap into equity in two unit?

Patrick Williams
  • Real Estate Investor
  • Berwyn, IL
Posted

I have a two unit investment property that I paid too much for in 2015. Small unit is an Airbnb, large unit is rented full time(pre-pandemic both units were Airbnb but renters are decent now and are low maintenance). Currently, the property pays for itself but there isn't much cashflow (maybe $50-100 extra on a busy Airbnb month). Starting next month, the full time rent is increasing by $150 so then it will be $200-250 per month cashflow. There is about $150K in equity in the property. Interest rate is 4.75% (I know, right?). 

Should I tap into the equity to buy another property even if the cashflow on this one is not that great? 

Loading replies...