Investor · Chicago · Member since 2022 · 128 posts · 85 votes
I have 2 SFRs that are performing well, appreciating nicely but I'm itching to get the capital out of them to scale to bigger deals.
Doing a refi now would move me from a 4.5% interest rate to somewhere in the high 7% to 8% range, so I am thinking of potentially selling. (even though buying something else would also put me at the same rate)
My understanding is that an owner occupier would pay more for the property than an investor, but i have leases that end in September, which is not the best time to sell.
So my questions are,
1. what are good strategies to SELL your investment properties?
Rental Property Investor · Hollis, NH · Member since 2017 · 108 posts · 67 votes
2y
Have you talked to your lender on these properties so see if they would give you an equity line? You may be able to draw on some of the equity that you have built up, without having to sell the property or refinance and pay higher rate / more principal.
Have you talked to your lender on these properties so see if they would give you an equity line? You may be able to draw on some of the equity that you have built up, without having to sell the property or refinance and pay higher rate / more principal.
You mean a HELOC? I understand that Heloc on investment properties can be expensive?