Updated about 7 years ago on . Most recent reply
Should I get a loan on my paid off duplex?
I would like to make an addition to my house to rent out, but d not have the funds.We have a paid off duplex that is occupied, I thought it would be a good idea to get a loan and fund the addition, if we dont get a loan the other option is to sell. I should mentiom The property is 2 hrs away. After taxes and insurance, we keep about 5,000 a yr.