As I expand my portfolio, my focus will be on diversifying investments, optimizing property management, and leveraging refinancing options to maximize returns.My long-term vision includes stabilizing my portfolio, achieving financial independence through passive income, and strategically planning for growth and exit strategies.

As long as the appraisal will support it, you can get it refinanced.

With the points and closing costs you pay when refinancing, you might look at what your payment would look like if rates dropped 0.50%, 1% and 2% to decide WHEN it would make the most sense.

We are exploring refinancing with our bank, however, I feel there are probably better options out there, along with rules with this type of investment, holding times, etc. that we just don't know. 

>refinancing in California and purchasing more properties in low-cost areas does allow for building wealth over time without losing money. 

Paid Cash and then refinanced to pull all of my cash out.

For larger bridge loans and development deals they are solid Originally posted by @Jay Hinrichs: Tarik I dont think she said she was refinancing i think she said she is looking to finance so probably an purchase money loan My main point was that these scale of loans the borrower needs to look within and be realistic if they can truly qualify.I am not sure if this company will take the 10k when cursory information reveals a high chance of loan being rejected..and if borrowers are qualified for this type of financing they usually have a pretty good grasp on whats needed. 

Are you refinancing because you need to take money from equity for the divorce?

Hi Chetan,I’d suggest keeping a close watch on your cash flow when considering raising capital or refinancing.

If you cash out refinance you incur (more or less) all the lending fees associated with a financed property purchase (even though you are just refinancing the property you already own), and then you incur significant fees when you sell the property (closing costs, commissions, etc).