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Updated over 12 years ago, 04/09/2012

User Stats

350
Posts
122
Votes
Arthur Garcia
  • Specialist
  • San Dimas, CA
122
Votes |
350
Posts

If you were me - what would you do?

Arthur Garcia
  • Specialist
  • San Dimas, CA
Posted

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.

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