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Updated over 4 years ago on . Most recent reply

User Stats

65
Posts
16
Votes
Ramiro Rodriguez
  • Rental Property Investor
  • Austin, TX
16
Votes |
65
Posts

What would you do???

Ramiro Rodriguez
  • Rental Property Investor
  • Austin, TX
Posted

I own a property free and clear worth about 120k and currently cash flows about $650/mo after all expenses.

I am able to cash out REFI with a credit union about 90k @ 5.5 % 30 years.

What is the best way to use this 90k?

Am I able to take out conventional loans with 20% down using the (90k) refi money?

Ex. 5- 20% down conventional loans (100k)

and have 5 new rentals?

Do I use the 90k to purchase a property and partner with someone on a flip to get ROI?

  • Ramiro Rodriguez
  • Loading replies...