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Updated almost 6 years ago,
To buy or pay off and take equity
I am 35yrs old and currently own 13 rentals which produces a nice cash flow each month. All homes are financed with 20-30% Down and 15-30yr loans. I am I this for the long haul.
What are the advantages of saving up and financing another vs paying off a loan and taking out a home equity loan to purchase another?