Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
Should i refinance my mortgages?
I currently have 4 single family homes and I am thinking if I should refinance to get a better interest rate.
First property 5.4% loan $114,000
Second property 5.5% loan $115,00
third Property 5.4% loan $85,00
Fourth property 5.6% $116,000
My plan is to keep my rentals long term and do not plan on paying them off anytime soon and they are currently cash flowing about $275 after expenses are paid. Should I start refinancing? Any tips and advice will be appreciated. thank you :)