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Updated almost 6 years ago on . Most recent reply

User Stats

94
Posts
19
Votes
Gabriel Benavidez
  • New to Real Estate
  • Houston, TX
19
Votes |
94
Posts

Should i refinance my mortgages?

Gabriel Benavidez
  • New to Real Estate
  • Houston, TX
Posted

I currently have 4 single family homes and I am thinking if I should refinance to get a better interest rate.

First property 5.4% loan $114,000

Second property 5.5% loan $115,00

third Property 5.4% loan $85,00

Fourth property 5.6% $116,000

My plan is to keep my rentals long term and do not plan on paying them off anytime soon and they are currently cash flowing about $275 after expenses are paid. Should I start refinancing? Any tips and advice will be appreciated. thank you :)

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