Should I Cash Refi in today's rates?

[Dolev Shemesh]

Hello,

I have few properties that I own outright and some leveraged. I'm interested in getting a cash refi @ 30% LTV on my outright-owned properties (est. properties value is about $300k), so $90k in cash in order to scale up and buy more investment single or multi family properties. Does today's rates makes sense for doing that? I have a leverage capital company saying that they could in the mid 7% at the moment.

Thoughts? 

Thank you

[Mike Singer]

Do you have a deal in place? If you can put that cash to work immediately I would definitely take the cash. There's a corny saying going around the lending community right now. "Date the rate, marry the house". You can always Refi the mortgage if rates go down. If you've got a good deal, go for it!