I currently have four single family properties that I am refinancing into my LLC to have them all under the same umbrella. I have acquired some pretty nice equity since I acquired these between 2010-2014. A couple lenders have offered to refinance into my company at a 75% LTV which will entitle me to a couple hundred grand of liquidity. They currently are all under 45% LTV and cash flow amazingly based on acquisition price. Im currently stuck in a debate in my mind of what to do. Would you refinance just rate/term and just continue to pay these down with the positive cash flow or would you take the bigger loan and have the liquidity available? Ive never been a fan of debt loads which is causing this hesitation. I know there are many different beliefs and approaches to this scenario and would love to hear any and all feedback.
