Just recognize the rate would most likely be in the double digits, especially if the portfolio loan is not in first position.

We rented out home in Vegas as fully furnished. and where shocked to see rents at double or more standard rent.. furnishing nice but not over the top.. been very good on that end plus with rents that high the quality of the tennants is very good.. can easily self manage..

Thinking back, had I refi at 10.5%, I probably had to do it again when rates dropped to 7.5%, doubling my overall refinance cost.The other lesson I learned is develop good banking relations.

I bought it in 2013 and it's doubled in value from 2013 to 2021.

I could have easily had double the portfolio I now own, and while I'm not complaining by any stretch of the imagination as RE has been very very good to me, it slowed my progress down significantly when interest rates were excellent and I should have been more willing to use leverage.

For example, I am a little concerned about some aspects of the business cycle recovery and a potential for a double-dip so I lean toward the safest part of capital stack which is debt (or low-debt equity).

(Meanwhile I had to pay a "rent" that went into an account for major repairs) Me wanting a nice house to raise my children put a LOT of my own money in for cosmetic repairs and the house is now worth more than double the original purchase price. $219k - now $500k market price in very southern Maine/NH border.

Welcome .  . be sure to find our next monthly meeting on the 2nd Tuesday of the month, which right now will be October 8th, at the Double Tree in Overland Park. 

We sold that deal a couple years later for nearly double what we paid, and the LP that backed out later admitted to me that they regret not doing that deal.An institutional LP can also exercise their control rights to force a sale at a time that may be inopportune for the operator's equity. 

Downside is you won’t get the equity accumulation - but if you did this in conjunction with the properties that may not cash flow - the private lending income could help offset the low to no rental income from appreciating properties - so you get the best of both worlds without double the mortgage payments hanging over your head.