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Updated over 12 years ago, 04/09/2012
If you were me - what would you do?
Hey BP!
I'd love to hear various opinions on what you would do if you were me.
property 1: SFH market value: 120K
Mortgage 59K (locked in at ~5%)
rented at $1125
Property 2: MFH Market value: 170K
Mortgage 83K (locked in at ~5%)
total rent $1735
I'm probably going to cash out refi and re-invest in my market, but I want to know what YOU would do given the same situation.
Also, I should mention I can still qualify for 3 more fannie mae loans.