To refi cash out or not to refi cash out.. that is the question

[Laura Gomez]

Hi all!

I currently own a townhome and have about 50-60k in equity.

Should I refi and cash out or not? I would use the money to purchase something else. Either fix or flip or a property where I would eventually live in.

Thoughts and recommendations are welcome.

Thanks!

[Chris Salerno]

Originally posted by @Laura Gomez:

Hi all!

I currently own a townhome and have about 50-60k in equity.

Should I refi and cash out or not? I would use the money to purchase something else. Either fix or flip or a property where I would eventually live in.

Thoughts and recommendations are welcome.

Thanks!

 Laura, I hope all is well. I would look into passively investing in apartment syndication. You can get large tax benefits and a monthly profit of your investment. Let me know if you have any questions.