Seeking help looking at pros and cons for my first real investmen
Hello all looking for different perspectives.I have a single family home I rent out. The rental income covers maintenance, property management and mortgage payments with a little extra. The equity I have built up gives me a option to refinance and get some cash I intend to use towards another rental property .
However the mortgage payment would increase meaning that property would break even.
My other option would simply sell that property and potentially have enough to support the purchase 2 properties with better cash flow. Thank you