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Updated over 5 years ago,
Single Family Rentals
I currently have 3 rental houses. I am getting a home equity loan and my banker was encouraging me to pay off the houses I already own. I was thinking that sounded smart because my cash flow would go way up. At the same time I know I want to expand and build my rental portfolio. My other option is to use the home equity to buy other rentals in “cash” I still consider myself new to the investing game and would like input on which way to go and why it would be most beneficial.
Thanks
Kayla Oliver