Updated over 8 years ago on . Most recent reply
Refi question on my first rental
Just bought my first rental! So I have decided to dive into the world of investment properties. Just paid 165k for my property. It was a brand new home. Well the market is crazy hot here and the appraisal was at 195k Rental price is going to be 1575$ a month for this 3bed 2 bath house.
My question would be should I refi this loan after 6 months or just leave it alone. My mortgage on this property is 900$ a month. I could use the extra cash to purchase a town home down the street.
Thanks for any help on this
Matt