Purchasing a Multi-Family With My Equity
Hello all,
I currently own a three-plex which I'm the occupier of one unit and rent the other two. I've owned it for 15 years now and have right around 100K in equity built up. I'm looking to purchase another multi in hopes to pay my current home off sooner. Would it be a better idea to use the equity in my home to make this purchase or take on another mortgage? I'm just now starting to look into these things so I apologize if this is a lame question lol. I could get an interest rate right around 4% I believe. Thanks guys!