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Updated about 7 years ago,

User Stats

40
Posts
4
Votes
Kelvin Washington
  • Investor
  • Locust Grove, GA
4
Votes |
40
Posts

Should I Refinance Free/Clear Property To Buy Another Property?

Kelvin Washington
  • Investor
  • Locust Grove, GA
Posted

Hi all! I currently have a SFR Rental Property that I paid off late last year. I am very interested in doing more real estate investing, but this time, using the BRRRR Technique.

So, instead of using private/hard money to fully fund any deal, I was thinking of doing a cash out refi on the paid off rental and using those funds to help purchase another property. 

I am at a crossroad. Go with private/hard money to fully fund the deal, or do a refi? What would you do? My property is worth approximate $90K. 

Thanks! 

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