I've witnessed decreased credit scores, rising credit balances, and stricter underwriter guidelines.

We would like to decrease the amount we owe because we aren't going to do a 1031 exchange.

I am 52yo, a full time nurse and will not be leaving my job, but I would like to decrease the amount of hours I work.My dilemma: I currently own my own home (I owe about $165,000).

Waiting for rates to decrease might not only lead to missed opportunities in acquiring a duplex but could also delay equity accumulation.

You can find higher ROI (on paper) here and probably in other cities…but the probability of actually collecting rent significantly decreases.

Hence, it would be good to calculate your cash flow after the cash out refinance to make sure you'd be in the positive after the refinance and that you are comfortable with the decreased cash flow.

If they are planning on adding hundreds of new student housing units that could decrease rents for a few years. 

There are going to be a lot of properties sitting on the market and doing price decreases (but they won't come with a built-in system like turnkey) and you are going to pay up for turnkey and insurance right now.

I've witnessed decreased credit scores, rising credit balances, and stricter underwriter guidelines.

I've witnessed decreased credit scores, rising credit balances, and stricter underwriter guidelines.