Refinancing to Get equity out

[William K.]

I want to Refinancing 2 properties to get equity out of them.  My question is should i do one at a time or both?

[Andrew Freed]

@William K. - If you want capital, now is the time to do a cash out refinance... while rates are low. Rates are expected to rise in the future due to the fed. The question is, will your properties still cash flow once you refinance? If so and you have a use for the capital then do it. If you have no use for the capital and properties will not cash flow, I wouldn't recommend doing it. You also have the option of utilizing a HELOC if you have a short term use for the equity, e.g. fix and flip. At the end of the day, long term low interest debt is where its at these days.