If the mortgage rate is higher than the current refinance rate given; then you may benefit from a refinance.2) It also depends on how much money you are looking to take out.

In fact, one of the main reasons I STARTED investing in real estate was control.

I can't see any benefit in giving up that opportunity in order to net a 1-2% return. 

One of the main advantages is that they DO keep them 'in house' so play by a whole different set of rules than those that 'resell' like a traditional 30 year fixed loan. 

Hello everyone, I am a new investor in New York mainly trying to focus on wholesaling and I am also new to the BP community.

However, because there wasn't a lot of building done in 07-14 we are behind on the amount of needed inventory so buyers are just moving further out from the main business areas and commenting which is putting pressure on transposition to keep things moving well. 

My main focus is multi-unit apartment buildings & industrial/warehouse space.  

If you are looking for something near the stadium its mainly condos which have HOA's and aren't STR friendly at all and homes in the historic district.

I am mainly interested in buy and hold, multifamily. 

You could cash out 50% and have pretty low risk.There are a ton of benefits to keeping the property leveraged.