He pulled $150K from a property tax free!

Memphis, TennesseeHaveFinancingHard Money
Classifieds
1yFollow

He pulled $150K from a property tax free!

Richey WardBusiness Member
Lender · Memphis, TN · Member since 2025 · 171 posts · 197 votes

He pulled $150K from a property… TAX-FREE. 🤯

No selling. No capital gains. Just a smart cash-out refi. 

He reinvested it, bought more properties, and kept the momentum going.

This is how real wealth is built in real estate. 💼🏡

#RealEstateHacks #CashOutRefi #BRRRRStrategy #TaxFreeMoney #PassiveIncome #RealEstateInvesting #CoreLend 

CoreLend Financial52 Reviews
WebsiteView Page
2Reply
15 views

1 Reply

Jump to latestLatest
  • Douglas SkipworthBusiness Member
    Rental Property Investor · Memphis, TN · Member since 2014 · 1k+ posts · 1k+ votes
    1y

    Thanks for sharing this clip, @Richey Ward.

    A cash-out refinance can be really good if you're disciplined enough to use the extra cash for investment purposes and if the monthly cash flow supports the monthly payment.

    Typically, I only refinance the amount owed, but that leaves untapped equity in the property.  

    However, once I did a major cash out refi in Memphis and it literally changed my life. I might do one again someday, but it'd probably be a once a decade kind of thing, I think.

    (Full disclosure, I am one of the founders of CoreLend and they are a sponsor of our weekly podcast, The Investor's Guide to Memphis Real Estate with @Dean Harris of CrestCore Realty.)

    Investor's Guide to Memphis Real Estate
    View Page
    1Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free