Newbie from Oak Brook, IL
Hello fellow investors. I just started to invest in RE. I bought a 2 unit in La Grange, IL. My mortgage balance is 140k and it was appraised for 221k in April when I bought it. I am looking for advice. Should I do a cash out refi or get a line of credit to get more properties? I am also looking to buy a house next year and I am strapped for cash at the moment. I have too many thoughts running in my head and I need some guidance and options. Thanks!!
Mike