Refinancing for immediate cash vs leaving lines as is
Hello, we own four rental properties in Arkansas, all on 15-20 year mortgages to pay them off quicker. All have appreciated at this point, and we are wondering if we should be changing our strategy. Initially, we were going to continue working our day jobs, and 15 years down the road, have these as passive income
We have the opportunity to refinance these loans now and get immediate cash flow, where we could flip houses and look at buying more rental properties. The downside of this is that it will push out the end date of these loans, prolonging the time until we have passive income on these
Has anyone dealt with this, or know of a good way to analyze which path will be more profitable in the long run?