My wife and I own 2 properties, including the house we live in, I’ve been living in the states for a year and am not familiar with the way refinancing works here, I told her that we should refinance both properties and use that money for down payments for more properties, rent them so the properties can take care of themselves, and just go and rent a tinier house or appartment so we can also get some money from the house we are currently living in, that is my “strategy” but I do bot know if this is even a good idea, can someone shed some light on this
Posted by humongousduckenergy
1 Comment
Run your numbers. You’d probably be losing money on all of the houses if you do that, but you need to check your actual numbers and figure it out for yourself.