Updated almost 11 years ago on . Most recent reply
2nd deal closed
The offer on my 2nd buy & hold deal was accepted today. I offered cash, but should I do a cash out refi after closing?
Thanks,
Kevin
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3 Bedroom/1 bath
Price: $37,800
Annual Income: $8400 Gross ($7728 with 8% vacancy) Tenant in place @ $700/month
Annual Expenses:
Prop Taxes: $675
Insurance: $320
Maintenance: $840
CapX: $500
Total expenses: $2195
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James Wise
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James Wise#4 All Forums Contributor
#4 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Congrats on the 2nd deal.
If you can qualify for a cash out refi & want to continue to use the funds for more investing I see no reason not to refi it out.