Should i refinance?

[Jordan Akins]

I have owned 2 houses on the same lot and have been renting them out for about 10 years now. My initial investment was around $120-$130k. I have paid them down to $57k. I think they would appraise for around $150k. Should I refinance them and pull that money out for another property? Throw me some opinions. Thanks!

[Nicholas Covington]

@Jordan Akins Well you have two options do you want to have money to use on your next deal or do you not want money to use on your next deal. Equity sitting is equity wasted, you are not using it effiently and it is not making you any money. It's literally dead cash. What state are these properties in?