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Updated about 8 years ago on . Most recent reply

User Stats

32
Posts
10
Votes
Chris Paez
  • Woodland Hills, CA
10
Votes |
32
Posts

Refi as a SFR or wait unitl it is constructed to a 2 unit Multi

Chris Paez
  • Woodland Hills, CA
Posted

To refi now or wait...

I am at a point where I am about to refi a rental property in Reseda, California that is undergoing construction of a garage conversion to a ADU. Im wondering if it would be better to refi now while it is a SFR or wait until it is complete and rented out as a 2 unit property? Is there benefits to loans for small multis cashflowing $750 per month. Or is there perks to getting the refi done in its current single family state. Thanks in advance!

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