All Forum Posts by: Kenny Luna
Kenny Luna has started 5 posts and replied 11 times.
Post: Should I sell or Cash Out Refi?
Kenny LunaPosted
- Posts 11
- Votes 2
I have an investment property which I can cash out refi at 3.625% and take out 53k. My mortgage payment will go up $40, my monthly profit will be $370. (Rent minus mortgage / HOA / Maintenance )
OR
Property appraised at 256k, I owe 129k. Estimated profit if I sell: 90-100k
My goal: Buy an investment property and a primary property with a finished basement to house hack.