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 about 6 years ago,

User Stats

1
Posts
0
Votes
Fabian Chapur
0
Votes |
1
Posts

Paying off the PRIMARY with EQUITY

Fabian Chapur
Posted

Hello Everyone....My First Post and truly wanted some Feedback based on experience. To start, I will tell you that I am conservative with investing.     I have 2 investment properties- Combined equity of about 600-700k and I have a MTG on my primary of about 400k.  (Valued at 1.4-1.5)

Any ideas or experience from anyone about tapping into the equity from the LLC's I have in both investments to pay off my primary.

Then as focus on paying off 1 investment at a time. I know most would say to take full advantage of the equity and roll into a larger property possibly.  That would mean more expenses and taxes- Based in NY and the investments are in the hamptons.  In a good place right now and would rather not invest until the MORTGAGES drop some to be extremely cashflow positive.