Purchase price: $326,000 Cash invested: $80,000 3 bd/ 3 bath townhome, completely remodeled in 2021.

Hi George,If you have the cash to buy your next property with financing, it's not necessary to do a cash out refinance.

Hey BP Community, I invest in a smaller market where the properties don't always appraise for 100k and limits my cash out refi loan options when dealing with DSCR.

I have a buddy that is in mortgage but unfortunately we are not able to secure deals with his company because most buyers have better financing or cash options and this is taking me out of the game.

While each market - real estate and stock - has it's own risk/return profile, the comfort of owning a cash-flowing hard asset becomes more and more appealing when the stock market gets choppy. 

We all want to scale quickly but he is proof sometimes slow and steady can win the race.  

Hard to beat the 5.5% on the new construction but you will be cash flow negative.

But depending on when you bought your house and your mortgage rate, it might be possible to convert it into an STR with enough cash flow to more than cover the cost of renting another dwelling as your new primary residence. 

We both have cash reserves, my partner does have more liquidity than me being a property owner for quite sometime and having access to it's equity.

I would be using a mix of cash and pulling equity from my home so ideally I can maximize my investment dollars as much as possible.