I have no fear of running the numbers, building a team, investing, repositioning, refinancing, selling or holding larger properties.

As rates go up, cashing out and refinancing is very unappealing.

I recall reading about it in CNBC...The quest for solid returns in our current market might feel daunting with interest rates where they are, but the good news is.. if you find the right deal and set clear criteria.. like a minimum cash flow target, or a plan for eventual refinancing.. your numbers can still work out.

The return on equity is probably very low considering they are paid off so maybe explore refinancing or selling the lowest performing one(s) or your biggest headaches to reinvest in more lucrative deals.I noticed you also used a metric of number of rentals to attain your goal rather than $$$/month.

@Paola AstridIf you’re considering refinancing an FHA loan, it’s a great way to lower monthly payments or gain more flexibility.

In Europe, it is indeed possible to withdraw equity from a property through refinancing, but the conditions vary by country and lender.

I am basically counting on the values appreciating over the next 2-3 years and possibly refinancing it later.

If you want to keep the condo and scale, consider refinancing or getting a HELOC or finding partnerships.

I like to do cash out refinancing at market price one month after purchase.

One needs to simply stroke a check pay it off then figure out how to get their money back out of the deal by either selling or refinancing this is the ONLY way to protect the sellers credit.