About this episode
Mortgage rates have dropped recently, which is great news for rookies looking to buy a rental property. But is NOW the right time for a cash-out refinance?
On one hand, tapping into the equity you’ve built up in your property could help you take down bigger and better investing opportunities, but on the other hand, a completely paid-off property might help you sleep better at night. We’re weighing all of your options in today’s episode!
Welcome to another Rookie Reply! Ashley and Tony are diving back into the BiggerPockets Forums, and today’s first question comes from an investor who’s working through a significant rental property repair. The tenant is making special requests, but should the landlord accommodate them?
Next, we hear from someone who’s considering a cash-out refinance for one of their properties. Is it worth deploying their money elsewhere, or is paid-off real estate the faster path to financial freedom? Finally, does commercial real estate offer better cash flow than single-family homes? The answer is a little more nuanced than you might think!
Looking to invest? Need answers? Ask your question here!
In This Episode We Cover
When to do a cash-out refinance with your investment property
Paying off properties versus “recycling” home equity to scale faster
How to accommodate tenants
