I live in my home. Own 86,000 on a 15 year loan at 3.75. Want to rent home should I do a cash out Refi on a 30 year loan or 15 year loan. Or should I sell and invest in other properties?
Hey @Alex Cortez ! I'd research and educate yourself on running numbers. The BP search bar (upper right hand corner) is the gateway to some serious knowledge. As an investor it's important to understand the concept and realize what each number is telling you (purchase price, rental income, property taxes, etc.). You want to know the ROI for the investment. You need the cash-flow per month. Don't forget to factor in all the expenses.
If you can do that you'll answer your question. Cheers.
Ok Jaron will do thanks for the reply.