Updated over 6 years ago on . Most recent reply
Should I do a Cash Out Re-fi?
I have two single family rental properties paid off and I want to go bigger and get into multi-family and am wondering if doing a cash out re-fi is the best way to go for the down payment?
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@James Purvis - Keep in mind that you get zero return on equity.
Conservatively held debt for business purposes is how wealth is created. I refinanced my personal residence from a 15 year to a 30 year to invest the tied up equity. It also lowered my payment.