New to Real Estate

[Reese Richardson]

Hello all! I’ve just recently joined BiggerPockets and am introducing myself to the real estate world, I’ve been doing a lot of research, reading, and listening to podcasts to get a good grasp on the realm. I do have one question - I have a partner and we are looking into getting a properly together. We were discussing options for payment as we don’t have a lot of capital at the moment, however they have a property that has a bit of equity we could tap into, but they already have a favorable interest rate. Would it be a good idea to refinance and get access to that equity, or don’t and keep the favorable interest rate?