A mortgage lender can help determine if refinancing or tapping into equity might allow you to acquire additional properties.Consider a 1031 Exchange: If you're open to selling a current property, a 1031 exchange can defer capital gains taxes while enabling you to upgrade to a larger or more profitable asset.

We also refinanced 1 rental and went from a 5.75% to a 3% interest rate, changing my cash flow over $200 a month. 

When finished, I re-financed and paid back all my friends and family + interest in 10 months!

Hey BP, I recently purchased my second investment property! It is a mobile home and I was able to get seller financing for half of the purchase price. I plan to BRRRR this property to pay off the seller and get my mon...

You're better off opting for an interest-only mortgage, saving on payments, and then refinancing it into something more conventional when interest rates drop—or, if possible, making a plan to pay down the principal.Interest-only loans, which typically last for the first 5 to 10 years of the loan term, offer two key benefits.

The HML covered 100% of the $32,500 rehab budget through drawbacks.Refinance: Post-rehab, I refinanced into a primary mortgage, creating 25.5% equity in the property.Future Financing: I plan to leverage the property with a HELOC to access up to $86,000 in capital for future deals.

Alternatively, refinancing might give you access to some of your equity without completely exiting.

It wasnt an easy decision, but he’s now breathing easier with stronger cash reserves.Another thought: refinancing.

my condolences on your recent lost.there are a few ways you can do this, as mentioned above you can take a heloc on your primary residence which will give you a second mortgage, first mortgage payment wont be impacted. you can do cash out refinance which will give you one mortgage and payment. it will pay the old mortgage and give you money in your pocket to pay for the rehab.or you can do a renovation refinance which is similar to cash out refinance but we would contractor involved  as part of the refinancing and they are paid through the loan

Reserves: Do you have enough cash reserves to handle unexpected costs or delays in refinancing?