Question for Ed? - Posted by Bobby
Posted by Bobby on October 29, 2000 at 08:00:42:
My wife and I own two rental houses, right next door to each other in fact, one is leasted optioned and the other in final stages of rehab.
Both houses are valued at approximately 50K plus or minus 2K. We own both houses free and clear.
Now, it is better to get an equity line of credit to leverage these two houses to purchase more rentals, or it better to refinance them and borrow 80% value on them and purchase more houses.
Whick will give us more bang for the buck, and tax breaks?