First Refinance on the horizon

[Philip Levi]

Hello all. I am a new real estate investor and I have just completed a renovation on my first property. It's just about time to refinance to find another property. 

I have several questions.

1.)Who should I refinance with?

2.) Can I refinance now (while values are high) and then wait to purchase a property once the market cools off in several months? 

3.) Are there any tax liabilities triggered by doing this?

Thanks so much!

[Steven Foster Wilson]

Quote from @Philip Levi:

Hello all. I am a new real estate investor and I have just completed a renovation on my first property. It's just about time to refinance to find another property. 

I have several questions.

1.)Who should I refinance with?

2.) Can I refinance now (while values are high) and then wait to purchase a property once the market cools off in several months? 

3.) Are there any tax liabilities triggered by doing this?

Thanks so much!

 I would call as many lenders as possible and compare rates and terms. When I am refinancing a property I always do my research and call multiple lenders. I even pulled out of my recent refinance because midway through I found another bank that had significantly better terms. 

I have refinanced and waited to buy another property. I would just calculate the benefits of waiting or buying another one. Sometimes lenders have better deals if you use the refinance to buy your next property. I would call around and see what you can find. 

I have never had any issues but it is always worth double checking.