Updated about 5 years ago on . Most recent reply
What would you do???
I own a property free and clear worth about 120k and currently cash flows about $650/mo after all expenses.
I am able to cash out REFI with a credit union about 90k @ 5.5 % 30 years.
What is the best way to use this 90k?
Am I able to take out conventional loans with 20% down using the (90k) refi money?
Ex. 5- 20% down conventional loans (100k)
and have 5 new rentals?
Do I use the 90k to purchase a property and partner with someone on a flip to get ROI?