Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on . Most recent reply

User Stats

28
Posts
3
Votes
Ehab Habib
  • Jersey City, NJ
3
Votes |
28
Posts

Don’t know what to do

Ehab Habib
  • Jersey City, NJ
Posted

Pay off large lump sump

Of mortage or refinance and use money from refi to invest in another property and keep the large lump sum of cash as reserve I have a 3 unit and looking for another rental.

Most Popular Reply

User Stats

874
Posts
355
Votes
Guifre Mora
  • Lender
  • San Diego, CA
355
Votes |
874
Posts
Guifre Mora
  • Lender
  • San Diego, CA
Replied
Originally posted by @Ehab Habib:

Pay off large lump sump

Of mortage or refinance and use money from refi to invest in another property and keep the large lump sum of cash as reserve I have a 3 unit and looking for another rental.

If you have a good rate now don't change anything but if you can benefit from a lower rate the end result is the same pull cash to re-invest.

Loading replies...