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Updated about 6 years ago,
Refinancing multiple paid off homes.
Hello All,
I live in the Houston area and own a company called Galveston Co. Rentals. I have been buying homes since 2008. I have purchased over 25 but sold some along the way. Right now I am sitting on 20 paid off homes. I am looking at ways to leverage these assets to make more income. I am interested in refinance these homes and wanting to pull out 50% of their value to purchase new homes. I do not want to take out all the money at one time, but gradually as homes are purchased. I am interested in different options of refinancing. I would prefer a 20 or 25 year loan to increase profit margins. This is the first time i have refinanced, so any help would be appreciated.