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Updated about 7 years ago on . Most recent reply

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Kyle I Pancis
  • Morris Plains, NJ
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Leveraging a Cash Flowing Property

Kyle I Pancis
  • Morris Plains, NJ
Posted

I own a 14 unit apartment that is fully occupied. The building was refinanced 5 years ago, so currently has a 40% loan-to-value ratio, using its appraised value. Do I pay it off and leverage the property to expand? Or can I keep current mortgage and still spin off the property to expand? 

What are everyone's thoughts on how to expand? 

Thank you

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