Cash Out Refinance to buy Multi Unit properties

[Adekunle Ilori]

Hello,  want to do a cash out on my condo and looking to invest on multi unit . I am looking to pull out between $105000 to $125000. Do you think this is the right time or should I wait. I need advice Thanks

[Cris Normandt]

Trying to time the market rarely works out. Just look a the data surrounding the market. (Data not drama) Current trends for interest rates are indicating they will be going up. The news of the FED tapering bond purchases is a big reason for this. I would suggest analyzing a ton of deals before pulling out any cash in your condo. Remember that Cash-out is usually maxed out at about 75% LTV with Fannie/Freddie.