Cash-out refinance cons: you are extending the life of your mortgage, in your situation your rate will go up, and depending on your loan type your max cash out may be capped at 75-80% LTVHELOC pros: closing costs tend to be slightly lower, you may be able to get a tax break depending on what you use it for, allows you to maintain your current interest rate, and you can borrow up to 85% LTVHELOC cons: interest rates tend to be higher than a refi, usually come with a much shorter term (5-10 years), you will be making two payments on your house vs. one, and your monthly payment may vary.If you PM me I'm happy to chat further or plug numbers into my system for you :)Best of luck!

Let's chat about numbers and see without running your credit even.

I'm fine with meeting remotely over a video call.Also, where could I learn about what format to keep my records in so that they are easy to import/use by a CPA or by myself at tax time?

@ Nina Ahlers I just messaged you my number to coordinate a time to chat. 

@Daeyoung Kim Check out the books listed in the Bookstore section of the menu above along with podcasts, videos, articles, etc on getting started in real estate investing.

Please, feel free to reach out anytime if you have questions or just want to chat. 

Please, feel free to reach out anytime if you have other questions or just want to chat!

Thanks again for the tips and the videos.

@Veronica ThomasProperty is video recorded prior to a lease.

If you would like to chat more shoot me a message .