We have $100k cash right now and we're trying to figure out if it's worth it to put the cash we have into refinancing Property 2 based on income generated, decreased value, etc.

However, I'm also weighing the pros and cons of possibly refinancing later if rates decrease.What are your thoughts?

It took about 9 months to stabilize it and then I cash out refinanced it.

And no, refinancing isn't your only option there.

Also want to add an ADU to get extra cash flow but not sure how much a fully permitted ADU adds value to the property when refinanced.  

Hey, I am about to do an ADU on an investment property thinking it will cost me 100k but wanted to know how much you believe this added in equity when you refinanced (having a fully permitted ADU).

Refinancing seems to be out of the question given our current rate.

What I've gathered from speaking with the previous owners realtors, is that the husband and wife went through a divorce proceeding back around 2014, the husband agreeing to quit claim the property to the wife, in return for her within 1 year refinancing him off the loan.In a brief conversation with the husband, he seemed to confirm that the quit claim was signed, but by her, because he had given her POA on the house (for which there is public record filed regarding the POA).

We have $100k cash right now and we’re trying to figure out if it’s worth it to put the cash we have into refinancing Property 2 based on income generated, decreased value, etc.

The VA IRRRL is a refinancing option offered to veterans and service members with existing VA loans to lower their interest rates and reduce their monthly payments.