Updated almost 5 years ago on . Most recent reply
First Property Strategy,
Hi everyone,
Looking to purchase my first rental property. Currently have two primary homes in CA.
One of the homes is already paid off. I can do cash out on it at 2.5% for 15 yrs for $300,000 might be a tad higher rate depending on a few factors.
The plan is to find a property, pay it all off without having to finance at the investment property rate.
What do you all think of this strategy? I would love to hear your feedback and thoughts given your experience in investing.
Thank you in advance.