I'm currently saving and looking at a cash out refi for a down payment on my first investment property. Is that advisable when starting out or at any point in the journey? Has anyone done it and what were the lessons you learned from it? Thanks in advance!
Definitely! I see many people do a cash out refinance on their primary to buy an investment property cash (or at least finance a lesser portion of the purchase). The advantage to taking cash out of your primary is that you get better interest rates and higher LTV than you would if you were to cash out refinance an investment property.
Thank you Elise!