All Forum Posts by: Deborah Chambers

Hey all, I have been an investor for about 7 years now but I have multiple eggs in different baskets so it's not full-time. I have one investment property that has equity of 200K under mortgage that stays books as a mid-term rental out of state. I have a primary residence that has 200K+ equity under mortgage that has a HELOC account open but not used. I have the goal to buy one or two more investment properties to hold as mid-term rentals over the next two years. I spoke with a lender today to do a cash out refi on my investment property and with rates as they are currently I knew it was going to be high... either way what goes up must come down so rates will drop and I can refinance. My question is from a financial perspective- should I cash out refi my investment property first and leave my primary with the HELOC option or cash out refi my personal residence and leave the other... or do both? Any insight would be helpful.