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Updated over 4 years ago,
Should I sell it or refinance it?
I bought a 28 Unit apartment in 2018. I have updated 90% of the units, increased rents and increased the NOI. Interest rate is 5.5% with a balloon payment of five years. Even though it a D class property, It's cash flowing nicely at this time. Sometimes I think I should refinance to get better terms and pull some money out to continue investing. On the hand, I'm tempted to sell it and then repeat the process again.