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4
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3
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Brad Cullen
  • Canton, MI
3
Votes |
4
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Cash out refi to invest

Brad Cullen
  • Canton, MI
Posted

I am a newer real estate investor. We currently have 2 rental homes that are doing fantastic. Our primary house has an abundance of equity in it and we have 25 years left on our mortgage. I'm thinking of doing a cash out refi which looks like our monthly payment would stay the same and I'd get enough cash to buy 2 more rental units. Is there any reason we shouldn't do this? Or, is there anything I should be cautious of? Thanks for the feedback!

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