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Updated about 5 years ago,
Need Cashout Refi Order of Operations Advice
Hi All,
I'm a newbie investor looking to purchase a few turnkeys over the next few months. I have enough cash on hand to get started with 4-5, but I wanted to take advantage of current interest rates to cashout refi my primary residence to gain another 80-100k.
My question here is with regards to the sequencing of these events to ensure I don't screw things up with the lender for the first few properties. My current debt ratio is 23% for reference.
Should I have any concerns about proceeding with the refinance now?
Thanks,
Chris