I can pay a portion and you can pay the remaining balance."

What is the seller typically expecting to sell these for, considering that the UPB and legal balance are lower than the property value?

Your remaining balances weren’t entirely clear on the two mortgages, they are really low rates, so instinct is not to refinance them, but sometimes it is worth it for the longer term vision.It also seems like you may be considering tapping your equity to replace your income, without knowing your age or long term goals, this doesn’t seem like a great idea on the surface.If you are interested in jumping into real estate full time to replace your income you should realize that is probably going to take 12-24 months.

Balance.

A balanced approach—leaving some 401(k) funds for diversification while allocating after-tax dollars to real estate—can optimize tax efficiency and meet retirement goals.This post does not create a CPA-Client relationship.

The key is balancing cost with the value of your time—both approaches can work, depending on your priorities.

Assuming you paid $430k, put down 10% ($43k) so have a loan balance around $387k and $100k in equity means it’s worth $487k.

If you don't need the cashflow then you could throw it at the loan balance.

According to the Texas A&M Real Estate Center, we find a balanced real estate market at around 6.5 months of inventory.

However, higher property values mean there’s also potential for strong rent growth, which can help balance out the numbers when you refi.