Is now the time to refi and buy more MF?

[Glenn I. Barlow]

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.

[Glenn I. Barlow]

@Malcomb Stapel I am at IO for 10 yr before the Principal kicks in. My plan is to get to 150 total units and then sell the entire package at a premium cap rate in about a year to eighteen months time. Does that affect your thinking?