Looking for some advice on this.
we have 3 rental property and our primary.
Rental 1) Value 190 000 with a mortgage of 75 00 at 4.8% 15 years fixed (with inlaws as co-signer)
Rental 2) Value 175 000 with a mortgage of 71 00 at 4.525% 30 years fixed
Rental 3) Value 150 000 on a land contract ballon in 3 years at 4.5% the ballon is 110 000
our primary house is value to 285 000 with a mortgage of 160 000 at 4% on a 30 year fixed
My question is what should we do with the "Rental 3"? I don't think we can get a conventional mortgage for this one. Pay one rental off and then re finance and get cash back to cover the land contract, if so Rental 1 or2?
@Joakim Esaiasson Can you get HELOC on your primary? Why do you think you won't be able to get loan on land contract?