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Updated over 8 years ago on . Most recent reply

Aida Hofmann's profile image
Aida Hofmann's profile image
Aida Hofmann
  • from Investor from Miami, Florida
  • Member since Jun 26, 2016
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User Stats

43
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10
Votes
Aida Hofmann's profile image
Aida Hofmann's profile image
Aida Hofmann
  • from Investor from Miami, Florida
  • Member since Jun 26, 2016
Connect
Aida Hofmann
  • Investor from Miami, FL
10
Votes |
43
Posts
Marketing Your Property

Investment Condo

Aida Hofmann
  • Investor from Miami, FL
Posted

Hello BP community!

I bought a condo in 1999, lived there until 2015 QCD the title to my company' name in the same year and rented it out, the rent is $1,250.00 the mortgage payment with taxes,insurance, and association fee is $732.00.  The condo is currently appraise at $150,000.00 and the balance of the mortgage is $51,000.00.

Here is where I need your advise, I need to cash out the equity on the condo so I can invest in real estate and keep the condo as the first property on my rental portfolio.  What will be the best way to accomplish it?

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