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Updated 1 day ago on . Most recent reply

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Amy Dean
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Rental equity for additional properties

Amy Dean
Posted

We own a single family LTR and a single unit STR. We want to purchase land to build another STR in a tourist town near our home. Our LTR will be paid off in 2 years with a rate of 2.9%. Should I wait to pay this off and then purchase an additional property or is there a way I can leverage the equity to purchase now?

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