Do you consider the ability to re-fi a rental property before you buy?

Which is fine with me, since a 2.2 would mean that I am cash flowing pretty well.The down sides, as I see it are that a lot of lenders will give you 20-30 years but require either a balloon, or re-fi every 3-5 years.Resale: There is a limited amount of buyers, which hinders your ability to easily resell a property.Hope my ramblings help.  

Of course with a job you can hire the work done at any amount.Reaching FI (financial independence) can come easily if you don't want to spend much.

The down side is interest rates are higher than residential loans, the minimum amount of properties can be higher, my lender requires a minimum of 5 units, so you can't get a commercial blanket on 4 SFH & the loan terms are shorter, requiring re-fi every 5-10 years.  

He's been a helpful hand.So, the goal now is to close four deal per month for the next four months.We want to get into Hi-Fi's, and build our rental portfolio.So much to learn!

Originally posted by @Will F.:I

Semper Fi brother!  

Also looking into other states (mainly GA and SC).  I

FEFI is the  Nursery Rhyme version of a REFI...as in "FE, FI, Fo Fum,...I ..."

Originally posted by @Colleen F.:I