Good time to refi properties to grow portfolio

[Remy Piazza]

I have two SF properties in KC, MO and I want to add to my portfolio. I'm thinking about refinancing the two properties to pull the equity out and use the cash to acquire more properties. What are people's thoughts on this strategy (essentially completing the last 2 stages of BRRRR strategy) and the timing - given the current market conditions... Thanks!

[Alex Bekeza]

@Remy Piazza I'm on the opposite coast as you (CA) but also invest (and lend) in Missouri. It really depends on what rate you're giving up vs. how much you're pulling out vs. what kind of return you can get with the proceeds. As a "youngish" person scaling their portfolio I've been leaning towards maximizing cash out in my portfolio (as long as I stay in good DSCR position) so that I can grow it as quickly as possible. Many deals in KC, MO will still cash flow just fine with these 30 year fixed rates in the 7s at reasonably high leverage. Happy to chat offline. Feel free to reach out anytime.