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Same here except I have mortgages on them all so I plan to sit tight for the time being. Only move I would do is to pay cash for any new properties.
Same boat, though I think pulling that equity out requires a refi or heloc. Doesn’t make sense to refi right now due to rates and same with heloc.
I actually have really good rates (3.5, 2.5) on both properties so above wouldn’t make sense for me anyway.
I’m not sure how else to tap that equity. Just assuming I’ll have a home or two to pass on to my kids since in the future it looks like single family homes will keep getting less attainable…
Subject Expert
While the market is favorable from an equity perspective, it’s not favorable from a interest rate perspective.
What’s your current mortgage rate? What is your current DTE ratio?
Your best bet to get equity out is likely a HELOC or second mortgage. Likely to be way more expensive than your current mortgage, so you’ll need to find a really good investment to make taking on the extra debt worth it.
Best investment right now is paying off high interest debt like credit cards. Stocks are over valued, real estate over valued, if you have cash we’re getting about 5%. I don’t know what favorable conditions you’re talking about it’s an asset bubble caused by printing money. That money is being sucked back out, so I’m kinda expecting pre 2020 prices on stocks and real estate. Every investment right now carries significant risk. In this market I’m highly diversified, money market, bonds, foreign real estate, domestic real estate, S&P 500 DCA, nothing is really beating 6% right now.