All Forum Posts by: Nadir M.

@Joe Villeneuve

Hi Joe,

There seems to be a bit of confusion. I would never cash out refi if it meant losing enough CF to put me in the negative. I’ll still be cashing flowing over $500 on one of these properties AFTER the cash out refi. I’ve also have enough equity in this property to actually get my money back plus some. So technically got this property for free. My main question was whether to cash out refi and trying to invest it vs the amount of CF that I’ll be Losing per month. I wanted to basically learn the strategy others use when it comes to thinking about cash out refi as this is my first rodeo in the cash out refi world

Thank you

@Joe Villeneuve

Cash flow before refi vs after. It’s made sense to me to go on with it because of a different investment I’m trying to be a part of

@Joe Villeneuve

Cash flow before refi

@Joe Villeneuve

What numbers are you referring to?

@Eric Goldman

Basically just want funds now so I can move quickly when things I’m interested in become available

@Greg Kasmer

I’m looking to pull out roughly 75k. My idea is to have it on hand for when I do need it. I’m always looking to buy. It would be nice to have that money and not worry about how to obtain it if I do find something I want. You’re explanation was very helpful as I never looked at it that way. I’m getting a lower interest rate on this refi than I was getting on the original loan

Hello everyone

I currently had some of my rental properties appraised as I’m looking into cash out refi…

What thought process is usually taken into consideration to determine whether cash out refi is a good idea or not? I may have another investment that I want to pursue so I can use this money towards that. If not, then it’s nice to have money and use it when the time permits. I will be losing roughly $300/month in cash flow doing this. Will these houses appraise for more in the future? Probably. Will interest rates increase? Maybe. Who knows. Any suggestions/insights are greatly appreciated.

@Ashley Reynolds

I’m actually an out of state investor. I live in CO. Would not mind chatting at all.

@Ashley Reynolds

So they’re building a $500 M renovation around 72nd and dodge that will be completed in 2024

@Joseph Hammel

Photos updated