Loading ...
ubcnewsworld
Business & Economics
1
0
icgre.com/guide
Try Now
Log In
Pricing
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
