All Forum Posts by: Rob Liguori

Thanks for all of the helpful thoughts, everyone! Along the same line, I've heard about using a HELOC as another way to access capital and then paying it down as quickly as possible (then continuing the process again and again). Have any of you used this method? Any obvious cons besides the accruing interest on the HELOC?

Tristan, 

Love the insight, thanks!  It sounds like working the numbers before making the move is the way to go.  As long as we can make it all work, it could be worth it.

Thanks Colton! I didn’t even consider the potential interest rate increase with the refinance. We have a good rate at the moment and I wouldn’t want to change it.

Looking for a little insight!  My wife and I own a duplex and are thinking out purchasing our next investment property in the next couple of years.  Our plan has been to save up the capital for the down payment, though I've heard about doing a cash out refinance and using that for the next down payment.  We have enough equity to do this, but from a cash flow perspective I'm trying to wrap my head around how it works.  If we were to refinance our current duplex and take the money, wouldn't we be increasing our current mortgage payment and cutting down our cash flow from the duplex?  Maybe the strategy is purely from the perspective of property appreciation?  I'd love to hear other peoples' thoughts!