If you were to refinance, it would cost you money plus restart your amortization.

You might also want to look at the benefit of doing a Cash out refinance and getting rid of that LOC.

Education and networking can help refine strategies.Good luck!

These allow you to:1.Force Appreciation: Actively increase the property’s value through strategic renovations.2.Leverage Equity: Either refinance or flip the property to build more liquidity for your next deal.If you’re interested in chatting more about strategy or need guidance, feel free to shoot me a DM.

If you refinance the rental property, does the rent cover the expenses? 

WE RENT, REFINANCE, AND REPEAT!

You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

No where… Once interest rates go down to the 5.5% range, you could refinance and be in a way better position. ** Another way: you could do all of the above and then use a company I use to split the lot.

You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

I don't see a lot of deals in Maine but closed a refinance of a BRRRR property in Mars Hill, ME earlier this spring.