What Makes You Consider a Refinance?

Question

For investors who have built equity in a property, what usually makes you consider refinancing?

Is it primarily:

• Accessing equity
• Restructuring existing debt
• Funding another investment
• Improving liquidity
• Financing improvements

Accessing equity

Restructuring existing debt

Funding another investment

Improving liquidity

Financing improvements

What usually triggers the conversation for you?

Greg Kasmer · Answer

@Linda Murray - For me, refinancing is about pulling your money back out in order to do the next deal. I just completed one for a quad I purchased 18 months ago where I was able to pull out ALMOST my entire amount of funding.

Alex Bekeza · Answer

In my case, it's usually about opportunity cost because I'm at the stage of my career where I'm scaling. I only do value add deals so each one is going to go through a refinance in the 1st year.

Caleb Brown · Answer

It's common now to tap into equity or pay off a short term loan (with BRRRs)

What Makes You Consider a Refinance?

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