Equity and high interest rates make cash out Regis tough

[Isaac J Mork]

What’s everyone doing with their equity in their current rental houses and these high interest rates?

I have 2 rental houses has some appreciation.
if the banks would loan up to 70% of the current value I estimate I’d have atleast $60k we could draw out on each house. $120k total. Probably could buy 2 more single family homes or look into multifamily with that.

Seems the math doesn’t quite work yet to do that… one house likely would breakeven for the year and the other one would be at a loss if we cashed out refinanced which would raise the interest rate.

Are you doing more 1031s? 

or would you rather use that equity? Breakeven or operate at a loss til interest rates come back down. But have 4 houses or 2 houses and multifamily.

or just wait a few more years til rents could support the higher loan payment?