[USER]

Sell a cash flowing investment earning 500 dollars per month plus paying mortgage (property @ 2.875% interest rate on the mortgage) and use the funds to pay for new roof and hvac on my primary home which must be done.

Or keep the property take out a loan @ 7.75% interest to pay for a new roof and hvac on my primary home

[Tom]

This is why no debt and an emergency fund are sound basic building blocks for economic stability.

Not trying to be mean, just say’n…

[Chad]

Is a HELOC an option? How fast can you pay off a ‘loan’? Some folks have played the shell game with getting a credit card with 18-24 months with zero interest, and when that one’s running out find a new card with the same deal which they typically have a 0% balance transfer as well.

If you do have to be very careful with doing something like this cuz eventually you will need to pay the piper and eventually you’ll run out of credit cards willing to give you enough credit limit to cover it.

And the things go sideways with income streams like getting laid off, this game can crash down on you.

To play this game you have to have a plan to pay it off quickly. Preferably paying the whole thing off before the first zero interest time frame runs out.

I don’t recommend it but I’m including it as an option for you to make a decision based off of your situation.

[Shawn]

How much are the roof and HVAC? How much is the rental worth? How much is the mortgage?

[Scott]

Option 3. Tighten your budget, and cash flow your basic living expenses.

[Joshua]

0% credit card assuming you can pay it back or transfer before the promotional rate is over.

[Author]

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