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Updated about 8 years ago on . Most recent reply

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Sue Zikria
  • Hightstown, NJ
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Home equity loan for rental properties or use savings

Sue Zikria
  • Hightstown, NJ
Posted
Dear forum members, So I should I pay off my mortgage in 5-6 years and take home equity loan to buy rental properties or use savings from the next 5 years to buy rental properties? Which is best most profitable plan? Thank you kindly. Your feedback is much appreciated. Best, Sue

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April Crossley
  • Investor
  • Reading, PA
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April Crossley
  • Investor
  • Reading, PA
Replied

OR Lend out the savings as a private lender, pay off the mortgage and buy your own properties with a HELOC. WIn-Win. Make money 2 different ways and get the returns of real estate with both!

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