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Real Estate Deal Analysis & Advice

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Julian Rodriguez
  • Real Estate Investor
  • Nutley, NJ
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Cash Out Refi Amount

Julian Rodriguez
  • Real Estate Investor
  • Nutley, NJ
Posted Oct 19 2019, 06:10

I have a 3 Family house in Jersey City where I Airbnb two apartments and have a regular rental on the third. My income is currently around $9,000 per month. I owe 580k and am in the process of doing a cash out refi. The property appraised at $1,150,000 and I can do up to 75%. Should I pull out as much money as possible now? Or just pull out a moderate amount? Thanks in advance for any and all advice.

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