Updated over 10 years ago on . Most recent reply
Home Equity- best option
hello everyone,
My mother paid off her mortgage this year and we are looking for ways to increase her monthly income. Someone brought up the idea of taking out a home equity loan. My question is, what is the best option: buying a cheap home and flipping it or purchasing a multi unit and collecting the rent. I am aware that she will have to pay a monthly fee on the loan and keep up with the upkeepings of the multi unit. I'm just trying to find better options for her