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Updated over 6 years ago on . Most recent reply

User Stats

6
Posts
4
Votes
John D. dickinson
  • Wholesaler
  • glasgow, ky
4
Votes |
6
Posts

My first rental is almost paid for. Where do i go from here?

John D. dickinson
  • Wholesaler
  • glasgow, ky
Posted

My first rental is almost paid for.  Where do I go from here?  Do I refinance and use the equity to make down payments on other properties?

Most Popular Reply

User Stats

26
Posts
20
Votes
Eric Aello
  • Dallas Texas
20
Votes |
26
Posts
Eric Aello
  • Dallas Texas
Replied

Let's not talk about death. 70 is the new 50. lol

Pull the equity, buy 2 more rentals, as long as you can make it work where all is positive cash flow. If something does happen to you (God forbid), your heirs will have debt in the property, but also have property going up in value.

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