Cashout Refi on a Single short term rental
Would love to hear REI's thoughts on this...
I just cashout refi'd my single family short term airbnb so that I could purchase another short term airbnb literally next door. I had to give up $500 in cashflow on the first single but will get $500 back in cashflow on the new property. Was this a good move?? Cashflow totals stay exactly the same, I just have two properties now, identical side by side.
Paul C