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Updated over 3 years ago on . Most recent reply

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21
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14
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Tanner Cole
  • Rental Property Investor
  • Altus, OK
14
Votes |
21
Posts

What is the best move?

Tanner Cole
  • Rental Property Investor
  • Altus, OK
Posted

I've been reading and watching as much as possible but haven't purchased any books specifically on real estate investing.

I currently own 1 rent house but that wasn't planned it was just my first house that I didn't want to sell so I rented it out.

I'm currently Renovating the small things on my rent house to brrrr it but with supplies being limited I may not be able to finish it by the end of the month like I had planned.

My question is should I do a cash out refi even if it's not finished by the end of the month or prolong it a little more and push off the refi?

I've been driving around my city finding abandoned properties and have located the owner of a few of them but I haven't made contact to see if they are interested in selling. When doing this method how do you go about transferring the deed to your name?

Most Popular Reply

User Stats

3,347
Posts
2,344
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Caleb Brown
  • Real Estate Agent
  • Kansas City
2,344
Votes |
3,347
Posts
Caleb Brown
  • Real Estate Agent
  • Kansas City
Replied

What's left on the rehab? If it's a few minor things then I'd prolong(under a month delay) if it will take a few more months or longer then do refi now. You can fix it up with the funds you pulled and use the remaining cash for another deal. On your 2nd questions not understanding it, are you referring to once you close?

  • Caleb Brown

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