Owning Your Properties Free and Clear Isn't Always The Best Option.

[Jerry Padilla]

Just think if you owned 4 properties free and clear and did cash out refinances on all four how many more properties you could purchase with that money? Let's say your have 4 properties valued at $100,000. You pull out $70,000 on each property approximately after closing costs. You now have $280,000 more cash for down payments. Yes, you can't go past ten properties with conventional financing, but there is the option of private lenders also. Plus all mortgage interest is a tax write off. Even if your case isn't this extreme, even refinancing and doing a cash out on one property can result in increasing your investments significantly depending on your situation.