Now ask your self do you think you will be refinancing before that?

Fixed it up, rented another room, refinanced a few times to lower the payments.

I understand there are specific methods like cash out refinancing, HELOCS, and equity loans. 

Is there anything that would prevent me from refinancing using a vacation home loan now? 

While refinancing is an option, it would almost double our current interest rate.

Alternatively, you might consider the strategy of acquiring distressed off-market deals, renovating them, renting them out, refinancing to pull out cash, and repeating this process.Another aspect to consider is whether you prefer to handle the work yourself or delegate it to professionals.

My in laws lost their entire retirement savings because their underwriting was too aggressive and they bought several properties most of which ended up with negative cash flow.I am not against refinancing or using a HELOC to buy a property, but The market right now is a property will give you close to zero cash flow (80% down) then you’ll need to come up with another $750 a month to pay down the HELOC and come up with probably another 5-10k in reserves in case the furnace breaks or tenants trash your house or…   Without knowing your financially situation, You are probably better off getting a second job for a year or two to save up for a downpayment then using a Heloc.

If your dad was cash-flow positive at 5.75%, and he refinanced in 2021, then he would be making even more $$$ at rates in the mid 2%'s.3.

We discuss how this scenario could lead to a shift in property ownership, the potential for market corrections, and the implications for those seeking refinancing options.

Thanks,Hemanth Hey Hemanth, Yes you can sell or refinance any property in the portfolio as long as the portfolio can debt service without the property sold or refinanced.