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Updated about 13 years ago on . Most recent reply
Cash Out Refi for rental?
Lately I've been contemplating a cash out refi on my primary residence (because of the 5% rates); I was reading some old forum posts on refinancing and thought about this:
Why would someone cash out refinance in order to purchase a rental property?
It seems like the increase in PI payments and cost to refi would eliminate any potential cash flow on the rental! - Brandon