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Updated over 6 years ago,
Leveraging a Cash Flowing Property
I own a 14 unit apartment that is fully occupied. The building was refinanced 5 years ago, so currently has a 40% loan-to-value ratio, using its appraised value. Do I pay it off and leverage the property to expand? Or can I keep current mortgage and still spin off the property to expand?
What are everyone's thoughts on how to expand?
Thank you