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Updated over 7 years ago,
How to best utilize my equity?
hi BP community, i am looking for recommendations on how to best use my equity I have in some of my rental properties.
I have 4 properties that have a combined equity of about $700k. I have 2 30 year fixed mortgages totaling about $200k. So a total value of about $900k. These properties produce $90k a year in rent. They are A/B class rentals.
I feel I could better maximize all this equity but what is the best way to do That when its spread amoung 4 properties?
Thanks for any ideas and recommendations!