- Joined
- Aug 19, 2011
- Messages
- 183
Greeting to REIN members here.
I recently refinanced a rental property and pulled some extra equity out of the property. It is not a big amount, close to $100k. Currently, it sits in the checking account, I wonder what will you do with this money.
-investing in a savings account with 2% interest for emergency use
-pay off some mortgages (I have two rental properties with HELOC attached to the mortgages, if I pay off some principles with the fund, I still can access to it when it is needed)
-any other short term investments?
What is your thought?
Thank your for sharing your thoughts.
I recently refinanced a rental property and pulled some extra equity out of the property. It is not a big amount, close to $100k. Currently, it sits in the checking account, I wonder what will you do with this money.
-investing in a savings account with 2% interest for emergency use
-pay off some mortgages (I have two rental properties with HELOC attached to the mortgages, if I pay off some principles with the fund, I still can access to it when it is needed)
-any other short term investments?
What is your thought?
Thank your for sharing your thoughts.