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Posted by Hannah Lapin ● Dec 4, 2017 10:15:42 AM

Expand Your Wealth with a Cash-Out Refinance

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Looking to further your real estate investing but not sure where to start? Consider pulling cash out of a current rental property. A cash-out refinance is when you replace your mortgage with a new loan for a higher amount. The difference in cash is yours, which gives you an edge on new investments. Here are all the ways we recommend using cash-out refinances to expand your wealth:

  1. Renovate and up the value of the property you pull cash out of-

    For a newly renovated rental property with nice amenities, you can charge more rent.
  2. Renovate and up the value of another property-

    Refinance that property and do it again.
  3. Buy another investment property-

    Cover some of the costs of your next investment, including a down payment.
  4. Finance your next flip-

    A cash-out refinance is a fantastic alternative to borrowing hard money for flippers.

Before you opt for a cash-out refinance, make sure you are prepared to cover the fees and closing costs of a new loan. Learn more about our loan programs and download our Cash-Out Refinance One Pager.

DOWNLOAD CASH-OUT REFI 101

Related: Bonus Depreciation and Section 179 of the New Tax Code- A Landlord's Best Friend, Loan Programs Available for SFR Properties

Topics: Real Estate Investing, Finance