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Updated about 4 years ago on . Most recent reply

Brandon Combs's profile image
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Brandon Combs
  • Member since Feb 19, 2021
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Brandon Combs's profile image
Brandon Combs's profile image
Brandon Combs
  • Member since Feb 19, 2021
Connect
Brandon Combs
8
Votes |
14
Posts
Personal Finance

Refinancing with good amount of equity

Brandon Combs
Posted

So I’m refinancing my personal home and have 100k in equity and I am going to do a cash out with the equity. My plan is to use this money to renovate my house a little to rent it out and buy another property with it.

Should I take as much of the equity out of that 100k? Or should I only take a percentage of it? What are the pros and cons of both?

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