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Updated almost 10 years ago on . Most recent reply

Eli Mint's profile image
Eli Mint's profile image
Eli Mint
  • from Houston, Texas
  • Member since Apr 23, 2016

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8
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1
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Eli Mint's profile image
Eli Mint's profile image
Eli Mint
  • from Houston, Texas
  • Member since Apr 23, 2016
Eli Mint
  • Houston, TX
1
Votes |
8
Posts
Creative Real Estate Financing

Refinance my house and cash out

Eli Mint
  • Houston, TX
Posted

Hi all,

I am looking to invest in buy and hold in the Houston, TX area. I have about 50k to invest and was wondering if I should refi my primary residence and cash out about 60k to increase my investment capital. I should add that I don't have a property lined up yet, but worry that rates might go up soon, increasing cost of money in the near future. 

Is it a good or bad idea?

Thank you in advance for your feedback. 

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