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Updated about 9 years ago,

Brett Allen's profile image
Brett Allen's profile image
Brett Allen
  • from Oak park, Illinois
  • Member since Jan 22, 2016
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Brett Allen's profile image
Brett Allen's profile image
Brett Allen
  • from Oak park, Illinois
  • Member since Jan 22, 2016
Connect
Brett Allen
  • Oak park, IL
0
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7
Posts
Real Estate Deal Analysis & Advice

Cash Out loan

Brett Allen
  • Oak park, IL
Posted

I own a 4 unit apartment building worth about 420000. I currently owe 320000 on it. 

My house is paid for and worthabout 200000.  

I live in suburb of Chicago. 

Im thinking about cash out loan on house and invest in real estate maybe rentals. I have not checked out market yet.

Is it good idea to take out loan ? Any good ideas. Would leverage work?

Thank you

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