Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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 about 4 years ago on . Most recent reply

User Stats

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

sacrifice cashflow for another rental property?

Joe Capobianco
  • 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...