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Updated about 2 years ago,
Is now the time to refi and buy more MF?
Looking to get the BP fam opinion on this….
I currently am finishing up rehabbing 24 units and can refi out about $300k (now smaller due to rates),- since its a non agency loan, it would be at 9.5% fixed rate IO (insert face slap emoji here).
Right now I am on a fix and flip loan and its cashflowing no problem.
Should I stay, keep paying and wait for rates to cool off, or leverage up, keep my foot on the gas and try and keep buying more?
Would appreciate the input.