All Forum Posts by: Greg Robertson

Hi Angela,

It's so hard to be patient sitting on tons of equity with a low yield but that is the smartest thing you can do right now. Based on all macroeconomic indicators and housing trends, chances are high that rates and/or values will be lower in the 6-12 months. Rates being most important to your situation. Cash-out refi's are expensive, investment purchase rates are expensive, and it won't be easy to quickly refinance to a lower rate if you maximize your leverage and values drop. I also think the election results will trigger a material change in the financial markets and influence borrowing costs. This is all assuming you should use my favored strategy of holding property and using cash-out proceeds to purchase your next one. Selling can make sense at times, but definitely not in this rate & elevated value environment. I myself am getting antsy to make another property purchase but continually have to force myself to be patient. If Warren Buffet is happy to sit on piles of cash right now (equity for us), we probably should be too...