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Updated over 8 years ago on . Most recent reply

User Stats

49
Posts
64
Votes
Derek G.
  • Investor
  • Toney, AL
64
Votes |
49
Posts

Is My Money REALLY working for me?

Derek G.
  • Investor
  • Toney, AL
Posted

Hello everyone!!!!
I currently have 3 occupied rental properties. 2 of them are paid in full. I am renting them all out and enjoying the benefits. However, I have a question for you seasoned renters out there.
Would I make more money if I took a cashout refi and utilized it for more properties? ... or would I be better off using my existing income from my current properties to purchase real estate slowly? 
Probably a stupid question (Yes there is such a thing), but I figured I'd ask :)

Most Popular Reply

User Stats

13,403
Posts
19,439
Votes
Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
19,439
Votes |
13,403
Posts
Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
Replied

Your money isn't working for you.  It lives in one of the bedrooms of each of those houses.  Get it out of the house, and make it get a job.

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