All Forum Posts by: Luke Gunderson

Simply looking to see what options I have pulling out cash from a second rental home that is paid off. Thanks 

I am looking to scale in real estate as quickly as possible to eventually give up my W2 job. I was able to flip my first house for a good amount of money to buy a forever home I can’t imagine selling. I am in at 2.825% so refinance wasn’t an option. I was able to take out a heloc this year and buy and rehab a second house and shop that cash flows +$400 / month. The house is old 1922 but the shop is new and valuable. I see it appreciating fairly well and I could probably flip it for about $40-$50g in profit now. My question is should I refinance and scale with this older property? Or should I flip and scale with the next one knowing I will also have more equity to leverage in the future with my main house.  Thanks!!