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Updated over 8 years ago on .

Chance Cooper's profile image
Chance Cooper's profile image
Chance Cooper
  • Real Estate Investor
  • from Raeford, NC
  • Member since Aug 10, 2014
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User Stats

137
Posts
39
Votes
Chance Cooper's profile image
Chance Cooper's profile image
Chance Cooper
  • Real Estate Investor
  • from Raeford, NC
  • Member since Aug 10, 2014
Connect
Chance Cooper
  • Real Estate Investor
  • Raeford, NC
39
Votes |
137
Posts
Real Estate Deal Analysis & Advice

Refinancing current properties, to build a child care facility???

Chance Cooper
  • Real Estate Investor
  • Raeford, NC
Posted

If you had a rental house that was free and clear would you refinance it to help you build a child care facility on another piece of property that you own free and clear? The childcare facility would be ran by my wife, she has been in it for sometime now....

The house appraises for about 110k and I could possibly get 70k or so on it. Not sure if I want to refinance it, it took me a long time to finally get it paid for....

What are your thoughts?

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