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All Forum Posts by: Kenny Luna

Kenny Luna has started 5 posts and replied 11 times.

Post: Should I sell or Cash Out Refi?

Kenny LunaPosted
  • Posts 11
  • Votes 2

I have an investment property which I can cash out refi at 3.625% and take out 53k. My mortgage payment will go up $40, my monthly profit will be $370. (Rent minus mortgage / HOA / Maintenance )

OR

Property appraised at 256k, I owe 129k.  Estimated profit if I sell: 90-100k

My goal:  Buy an investment property and a primary property with a finished basement to house hack.