View Single Post
  #3  
Old 05-07-2016, 06:42 PM
usnavy_233 usnavy_233 is offline
Junior Member
 
Join Date: May 2016
Posts: 1
Default Re: Pay off Debt by Selling Investment Property

If you have $175K in equity built up and it's a succesful rental, have you considered doing a cash-out refinance to pull the equity out of the home to pay off debt? Most banks will do 70% LTV on an investment property so if you have $175K in equity, that's a little over $120K that you could pull out.
Reply With Quote