Refi vs. Traditional

[John Honcharuk]

Thank you in advance for your suggestions.

I have a single family home that I would like to rent as we may be moving to a new location within the same subdivision.

I have a significant amount of equity in our home and would like to leverage that to not only purchase our new home, but eventually us the equity to begin the BRRR method once we are setting in our new home.

I was thinking of refi the current home on a 30yr fixed. This will decrease the payment and increase the cash flow from the rental.

I was thinking that I had to use my savings to put 20% down on the new home.

Are there other strategies that I ought to be aware of?

Honch