- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Investment property interest rate?
Posted on 5/16/20 at 4:22 pm to Fat Bastard
Posted on 5/16/20 at 4:22 pm to Fat Bastard
This is multiple steps out ahead of myself, but good chance I cash out refinance this house when I’m done renovating and have it rented. I still want to secure the best possible loan going in, because plans may change and properties might not pop up in the range I want. I don’t want to refinance unless that money is going directly into another asset. But at the moment I’ve got another house (vacant/abandoned) that is interested in selling. They aren’t very motivated, so I’m hoping they are still around in a few months and still want to sell. I want to snowball this single family rental home thing. With low interest rates I don’t mind the extra leverage on a cash flowing asset. Don’t want to miss out on good properties
Posted on 5/16/20 at 4:38 pm to Athletix
quote:COVID-19 has entered the chat
cash flowing asset.
Posted on 5/16/20 at 4:45 pm to Athletix
quote:
I want to snowball this single family rental home thing.
absolutely
quote:
With low interest rates I don’t mind the extra leverage on a cash flowing asset. Don’t want to miss out on good properties
right. use smart leverage to expand. You can always years down the road choose to pay some off for more cash flow and less exposure. If you do not like dead equity you can get some HELOC's on them after paid off so you have options should you want to use that for DP's/cash buys/flips, etc on more properties and expanding yet again. So many options in this business.
This post was edited on 5/16/20 at 4:48 pm
Popular
Back to top
Follow TigerDroppings for LSU Football News