Refinancing current properties, to build a child care facility???
If you had a rental house that was free and clear would you refinance it to help you build a child care facility on another piece of property that you own free and clear? The childcare facility would be ran by my wife, she has been in it for sometime now....
The house appraises for about 110k and I could possibly get 70k or so on it. Not sure if I want to refinance it, it took me a long time to finally get it paid for....
What are your thoughts?