Refinancing multiple paid off homes.

[Granville L.]

Hello All,

I live in the Houston area and own a company called Galveston Co. Rentals.  I have been buying homes since 2008.  I have purchased over 25 but sold some along the way.  Right now I am sitting on 20 paid off homes.  I am looking at ways to leverage these assets to make more income.  I am interested in refinance these homes and wanting to pull out 50% of their value to purchase new homes.  I do not want to take out all the money at one time, but gradually as homes are purchased.  I am interested in different options of refinancing.  I would prefer a 20 or 25 year loan to increase profit margins.  This is the first time i have refinanced, so any help would be appreciated.

[Bob Okenwa]

Hi Granville,

You may want to consider taking a HELOC instead since you only want to access a portion of the equity and not all of it at once.