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Updated over 4 years ago on . Most recent reply

David Lewis's profile image
David Lewis's profile image
David Lewis
  • from San Bernardino, California
  • Member since Apr 1, 2016
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David Lewis's profile image
David Lewis's profile image
David Lewis
  • from San Bernardino, California
  • Member since Apr 1, 2016
Connect
David Lewis
  • San Bernardino, CA
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General Real Estate Investing

Advice for cash out refi...Holding money.

David Lewis
  • San Bernardino, CA
Posted

My primary residence is valued around 375k and I have a balance of 181k.  We are considering pulling cash out to buy an investment property if and when the market turns.  We can afford the new debt on the loan.  Just looking for advice.  We figure with rates so low, we should jump now.  Pulling out 60k might be an extra 200 a month.  What are your thoughts. Thanks.

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