Deal Analysis on my home
Hey Guys
Im going to break the ice on analyzing my current home. I've been paper investing my whole life and have been pretty satisfied with my ROI over the years, but with that, I am now interested in getting into real estate.
Starting with my own home, it is appraised at $225k. I refinanced last year at 180k, taking some cash out to put into investments and removing PMI. 20% has already been paid down obviously.
I want to start with my current home, because most of my money is in paper investments. They have done very well, but I rather not cash them out unless its a last resort to fund my first real estate venture.
What would you do?