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Path to Purchase Step 16

Refinancing Investment Properties

Many new investors forget that they can refinance rental properties after a certain amount of time. A refinance allows you to lower your mortgage rate, take cash out of the loan, or change the loan terms. It may make sense to switch from a 30- to a 15-year loan if you’ve increased rents—or cash out if you have a couple hundred thousand in equity sitting in your home.

Resources in this step:

Education Marketplace Tools Forums Books

Education

Learn the basics

5 Tips for Getting a Lender to Say “Yes”

The 7 Steps Needed to Get Lenders to Fund Your Real Estate Deals

Refinancing can be a way to consistently fund your other ventures or increase cash flow on your properties. While refinances can be very lucrative for many real estate investors, it pays to do what you can to have the house appraised at a higher value so you have the ability to borrow as much as you can, if needed.

Marketplace

Connect with partners

Tools

Apply your learning

Forums

Consult the community

step 16 refinancing
View refinancing forums

Books

Dive deeper

Step 15 Managing Rental Properties