Get Tax-Free Cash By
Refinancing Rental
Properties. Be Inflation
Proof EVENT
No matter where the tornado of the current economy has
landed you, anyone with real estate is looking at refinancing
rental properties.
It’s a whole new world and this
one strategy could be what
you’re looking for to make
inflation your best friend.
There are serious considerations and calculations that need to
be made before you make a devastating choice in a panic.
In many markets, the pandemic has
skyrocketed the value of single-family homes,
motivating investors into refinancing rental
properties. But is this the right move for you,
will this help you reach your financial goals,
right now?
Adiel Gorel states “The biggest market that we ever invested
in was the Phoenix, AZ metro area where we bought over
3,000 properties over 21 years.
During nearly two years of the
pandemic, the prices of those
homes went up by, wait for it—
over 65%!”
When refinancing rental properties solely to improve your rate,
without pulling out any cash, it may not be worth it
unless the rate improves by at
least 1.5%, and preferably 2% or
more. Why? Always do the
calculations.
Savvy investors simply let these loans pay for themselves over
the course of years… and rates will always fluctuate while you’re
holding a 30-year fixed-rate loan.
Keep in mind that when refinancing
rental properties, less than 1.5%
improvement is usually not worth it,
unless you have a specific strategic
need for the cash you will pull out, and
can afford the payments.
“The more properties you own with tenants paying off your mortgage the more sovereignty you
have in life later on. Each property can contribute to bringing you the freedom to do the things you
love, retire earlier or take sabbaticals, send your child to their dream university.
That’s the American Dream”
Adiel Gorel, Owner of
International Capital Group
(ICG)
Contact Us At: https://icgre.com