Two properties – Restructuring Debt Options

How will your cash flow problem be fixed later on? How about a second job or a side hustle? What have you done to cut back expenses to free up cash flow already? Are you ready to take on additional debt on your properties, and how will you repay it if cash flow is already an issue?

One of the pitfalls of real estate is the lack of liquidity; however, there are options out there to access some of the equity. Depending on your situation, I would be careful not to solve one problem only to create a larger one down the road. With that said, here are four options that may help you. And don’t forget to understand the risk involved.

1. Home equity line of credit

2. Home equity loan

3. Cash out refinance

4. Reverse mortgage

Good luck on your financial journey,

Nathan Mueller, MBA, Certified Financial Planner Practioner®

BlackBird Finance

Disclosure: This is for educational purposes and does not constitute advice. Consult a licensed professional to go over your unique situation.

Plug: If you need more help, set up a Discovery Session. I can work with you on an hourly or project management basis to uncover the best path forward.