Updated almost 9 years ago on . Most recent reply
Is My Money REALLY working for me?
Hello everyone!!!!
I currently have 3 occupied rental properties. 2 of them are paid in full. I am renting them all out and enjoying the benefits. However, I have a question for you seasoned renters out there.
Would I make more money if I took a cashout refi and utilized it for more properties? ... or would I be better off using my existing income from my current properties to purchase real estate slowly?
Probably a stupid question (Yes there is such a thing), but I figured I'd ask :)
Most Popular Reply
Joe Villeneuve
#5 All Forums Contributor
Pro Member
#5 All Forums Contributor
- Plymouth, MI
Your money isn't working for you. It lives in one of the bedrooms of each of those houses. Get it out of the house, and make it get a job.