Updated almost 6 years ago on . Most recent reply
Refi Question for Active BRRRR Folks
Hey guys. I started doing real estate in March 2019. I just purchased my 12th property. I am just starting to look into options for refinancing them to get my cash back out. Should I consider doing a portfolio loan (4% or less, minimum 5 properties, 500k loan and 650 credit score), or should I try to refi them individually? What is the benefit to each method? I have quite a bit of equity across my properties and I want to purchase a business so I need to free up some cash. I meet all of the criteria for the portfolio loan no problem, but I was unsure about tying all of them together. Thanks!