Updated over 3 years ago on . Most recent reply
What would you do? Sell, Cashout, HELOC, or something else?
I'm looking to acquire another rental and am unsure if I should use the equity from my first rental.
The investment property details:
Investment
SFR
315k Value
198k Owed (62% LTV)
Currently on a VA loan at 2.875%.
Would you sell it? Invest the money into other projects? Would you do a Cashout refi, even though the rate will increase dramatically? Or do a HELOC? (I haven't found lenders doing these)
Most Popular Reply
How much is that SFR renting for right now, what are your expenses, and what is the cash flow?