Refinancing Rentals: Cash-Out or Rate-Term — What’s Your Move?

Question

Managing multiple rentals means your cash becomes locked. Refinancing can free it—but it’s a move with timing and risk.

Have you used refis to fund more acquisitions? How are you weighing risk vs growth?

Kerry Baird · Answer

Leaving the cash locked in a not-paid-off property means it can be difficult later to do big renovations and it obviously does impact cash flow. A well placed HELOC or other BLOC is a nice tool without going into a full refi.

Refinancing Rentals: Cash-Out or Rate-Term — What’s Your Move?

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