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All Forum Posts by: Andrew Nunamann

Andrew Nunamann has started 1 posts and replied 4 times.

Post: Cash out refi with plans to invest the funds

Andrew Nunamann
Pro Member
Posted
  • Posts 4
  • Votes 1

@David Kelly what would be a good cash out refi rate right now? House is easily worth 225k and I'm only cashing out 100k. Good credit, good job, etc. I am getting ready to shop around local banks

Post: Cash out refi with plans to invest the funds

Andrew Nunamann
Pro Member
Posted
  • Posts 4
  • Votes 1

@Jason Shackleton thanks for the feed back I 100% agree. I have been thinking of doing this for the last year or so. I'm pretty heavily invested in index funds and am also beginning to buy multi family properties. I do like having no housing expense but it is an obvious decision when u look at the math over the long term.

Post: Cash out refi with plans to invest the funds

Andrew Nunamann
Pro Member
Posted
  • Posts 4
  • Votes 1

@Brenden Mitchum my plans would most likely be to invest a large chunk of the money in index funds. I am also looking for multi family properties currently but I have other cash set aside for that. My thoughts are that if I get a 30 yr loan for low interest I can invest that money in index funds over the next 30 years and the returns should far exceed the interest on the loan.

Post: Cash out refi with plans to invest the funds

Andrew Nunamann
Pro Member
Posted
  • Posts 4
  • Votes 1

I purchased my house as a foreclosure and completed a full rehab a few years ago. I have been living in there and don't currently have any plans to move or sell the property. The property is paid for with a current value of 225k. I am 30 and am not fond of the idea of tieing up that much cash. Was thinking of doing a cash out refi of 100k so I can invest those funds while having a low 400 dollar a month payment for 30 years. Thoughts?