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Updated over 5 years ago on . Most recent reply

Timothy Newton's profile image
Timothy Newton's profile image
Timothy Newton
  • Rental Property Investor
  • from Tulsa, OK
  • Member since Sep 2, 2019
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Timothy Newton's profile image
Timothy Newton's profile image
Timothy Newton
  • Rental Property Investor
  • from Tulsa, OK
  • Member since Sep 2, 2019
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Timothy Newton
  • Rental Property Investor
  • Tulsa, OK
9
Votes |
13
Posts
General Real Estate Investing

LOC OR CASH OUT REFI

Timothy Newton
  • Rental Property Investor
  • Tulsa, OK
Posted

I have five properties that I own free and clear I'm netting around 3,000 per month on these homes. I would love to do more faster but going on a cash bases is tuff. Should I do a REFI on two of my properties and have about 130k seating in the bank to invest? Or should I get a LOC?

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Harjeet Bhatti's profile image
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Harjeet Bhatti
  • Lender
  • from Glenview IL- CDLP NMLS#230554
  • Member since Apr 21, 2015
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Harjeet Bhatti
  • Lender
  • from Glenview IL- CDLP NMLS#230554
  • Member since Apr 21, 2015
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Harjeet Bhatti
  • Lender
  • Glenview IL- CDLP NMLS#230554
747
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Harjeet Bhatti
  • Lender
  • Glenview IL- CDLP NMLS#230554
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@Timothy Newton If you are going to hold these properties go with cash out otherwise LOC would be good option for you.

  • Harjeet Bhatti
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