However if you do plan on refinancing again in the next 3-5 years, buying down the rate won't make any sense if it's going to take at least 3 years to break even.

The rising interest rates have crushed cashflow and made refinancing nearly impossible.

The rising interest rates have crushed cashflow and made refinancing nearly impossible.

The rising interest rates have crushed cashflow and made refinancing nearly impossible.

The rising interest rates have crushed cashflow and made refinancing nearly impossible.

Refinanced in December of 2022 into a 1 year bridge loan of $222,400 (80% LTV) after failing to sell the property once interest rates changed.

In such a location, you can use cash-out refinancing.

Many investors find success by focusing on smaller multifamily properties, or by considering creative financing options like the BRRRR strategy, which allows you to build equity through renovations and refinancing.

This may not be a "creative RE Financing" topic - so please forgive me!

With the refinancing proceeds, you can pay off your initial loan and use the leftover funds to purchase your next property.5.