Updated over 7 years ago on . Most recent reply
How to fund my rentals
I want to buy 5 rental houses but I'm torn on how to fund them. I have a piece of property (46 acres) that I own outright. Should I take a loan out on that or refinance my home? If I take a loan out on my property I'm adding an extra payment but if I refinance I'm adding extra years to my mortgage. What the better one to go with?? Thanks
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Its the same thing buddy, you’re borrowing money that you’re going to have to pay back with interest. how you move the numbers around doesn’t really make any difference. Why don’t you sell a partial of your land? what is it being used for? I hope not just to stare at it.