Updated almost 12 years ago on . Most recent reply
Should I cash out???
Hello BP,
I have an investing dilemma. I have only one investment property, a rental which I own outright, but I would like to expand my real estate portfolio . Does it make sense to pull money out with a 70% LTV loan and reinvest that cash in a different property.
The rent on the original investment will be just over the 50% rule with the new mortgage in place.
I am just so conservative that I cringe at the thought of having payments on a property I currently own. On the other hand, the quickest and easiest way for me to get additional capital to invest is to cash out.
Looking for some sage guidance, thanks!