With the current hyper inflation environment there is no doubt a recession is under way.

I wonder where some of those high end properties (with lower rents) are headed in an increasing rates environment.

However, in a rising interest rate environment like today, avoiding the hassle of the refi and the potential for increased rates down the road it may be a great option.  

Although it might slow you down a little when you have big fish to fry, it is safe to say that you are running a business and that this business MUST be protected at all costs.

Conventional lenders are getting a bit risk averse in the current environment, and for owner occupied stuff when they see someone wanting to do a total cash out "refinance" because they own the home outright, that is perceived as riskier than someone who has debt on the property and looking to pull some extra money out from it.

It will lock you into somewhat of an all or nothing deal, or you refinance into a new loan (more closing costs) with a new lender for the remaining buildings you want to keep.Another option in this environment might be to find someone to be a capital partner, depending on the purchase price point of the property. 

Either way, in a rising rate environment, it would be smart to get the ball rolling sooner than later.

The variable nature of the HELOC freaks me out a bit in the current environment we're in, but it would give me the option to pull out equity while leaving my current 2.75% mortgage rate as is.I'd love any guidance you can offer - thanks in advance!

I also had a fair number of fishermen who would rent for a few days to a week and would not only fish the local river but use my house as a base to fish in a 70 mile radius. 

However, are rising rates a pause for concern given the available housing inventory and inflationary environment?