Cash out refi with high interest rates
Anyone doing cash out refis with interest rates rising? My current rate is 3.25% and it's time for me to cash out and buy another property but not sure if that is the right decision at this time since interest rates are now over 5%.
Looking for your thoughts and/or other ideas you guys are doing to leverage your properties equity.
Most Popular Reply
I've never performed a BRRR but I'd imagine it's just numbers.
What would your monthly cost be with the 5% rate refi and what can you rent the property for?
Then evaluating how much you can generate off the pulled out funds in a new property compared to tied into the current property.