Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Interest Rate Drops
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 4 years ago,

User Stats

80
Posts
11
Votes
Joe Capobianco
Pro Member
  • Old Bridge, NJ
11
Votes |
80
Posts

sacrifice cashflow for another rental property?

Joe Capobianco
Pro Member
  • Old Bridge, NJ
Posted

Since the interest rates dropped I decided to refinance my rental property into a 15 year mortgage which raised my mortgage $200. The mortgage now is $1200 and im receiving $1750 per month in rent. I just received the appraisal that needed to be done prior to closing of the refinance and realized it was appraised about $60k more than I was expecting. right now i'm kicking myself for not keeping the cheap 30 year mortgage and doing a cash out refinance and buying another property. I believe I can call my lender in 6 months and do a cash out refinance but that will most likely take away the cashflow im receiving from this property. 

  im writing this post see if sacrificing cashflow for another property would be worth it or if refiancing to 15 year was my best option?

  • Joe Capobianco
  • Loading replies...