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Updated almost 8 years ago on . Most recent reply

User Stats

22
Posts
1
Votes
Joe Patera
  • Investor
  • Fountain Valley, CA
1
Votes |
22
Posts

Should I pull equity asap

Joe Patera
  • Investor
  • Fountain Valley, CA
Posted

I have two townhouses in Jacksonville FL with a combined equity of around $60,000

They were purchased last August and September so I can't pull anything yet but I want to be ready in case this year is still a good time to buy. If I wait until the next year or two the values may drop but if I pull the equity in August then I'll have a new contract with a cash out refi or HELOC, I'm not sure which is best for me yet. It may even be better to just pull the cash then wait for a downturn, I'm just not sure. Any thoughts?

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