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Updated almost 6 years ago on . Most recent reply

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Paid off rental property, is it good idea to refi or sell?

Vincent Martinez
Posted

I have a rental property that is paid off and I am wanting to pay off my primary residence which has a mortgage of  $180,000. My question to the group is do I sell my rental property that is paid off and end up paying capital gains + depreciation tax or would I refinance for let's say $280,000, pay off my primary residence and have $100,000 to either pay off debt or reinvest?

Look forward to hearing some options?

Thank You

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