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Updated over 4 years ago on . Most recent reply

Lauren Koon's profile image
Lauren Koon's profile image
Lauren Koon
  • New to Real Estate
  • from Cleveland, OH
  • Member since Aug 23, 2020
  • Posts 12
  • Votes 16
  • Experience 4 Yrs
  • Investments 1
Connect

User Stats

12
Posts
16
Votes
Lauren Koon's profile image
Lauren Koon's profile image
Lauren Koon
  • New to Real Estate
  • from Cleveland, OH
  • Member since Aug 23, 2020
  • Posts 12
  • Votes 16
  • Experience 4 Yrs
  • Investments 1
Connect
Lauren Koon
  • New to Real Estate
  • Cleveland, OH
16
Votes |
12
Posts
Cleveland Real Estate Forum

Refinance or purchase rental

Lauren Koon
  • New to Real Estate
  • Cleveland, OH
Posted

Opinion! I bought my first single family home in February. I am occupying it. Do you think I should refinance my mortgage OR purchase a second property to rent out?

Cleveland, Ohio
0 Votes
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Tristan Colborg's profile image
Tristan Colborg's profile image
Tristan Colborg
  • Real Estate Broker
  • from Commerce City, CO
  • Member since May 8, 2018
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107
Posts
55
Votes
Tristan Colborg's profile image
Tristan Colborg's profile image
Tristan Colborg
  • Real Estate Broker
  • from Commerce City, CO
  • Member since May 8, 2018
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Tristan Colborg
  • Real Estate Broker
  • Commerce City, CO
55
Votes |
107
Posts
Tristan Colborg
  • Real Estate Broker
  • Commerce City, CO
Replied

@Lauren Koon I think there needs to be more info provided. What is your current mortgage rate at? Has there been any appreciation of the current property? How long do you plan to be in the property?

1 Vote
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