Should i refi and pull out 200K of equity at 7%?

I wonder if your lender's rep could even contain their laughter if you actually tried to do this.

You're the kind of person that needs Dave Ramsey in their life lmao

or should i wait till it gets to 8% ???

lot to unpack. short answer: probably not.

in the words of david greene, only if the 3 1/4% spread lets you reallocate the funds so that the yield there is more than you pay in interest on the extra 3 1/4.

in normal times, id say 90% chance do it and to invest in a multi-fam unit w/20-25% down. these times with high rates, yeah "net worth" likely to go up by owning more real estate but its damn near impossible to find a cashflowing rental at 7-8% so even if you pulled out the $200k, hardly any chance there's any property bringing positive or even cash flow.

and lets just say you were to buy a fourplex, aint no way in fukking way in hell youre cashflowing it and all it takes is one chit tenant to make that go negative by a lot. realistically COC, IRR, everything else is probably already negative.

if we were in 2-3-4% times then it would be hella smarter to try it.

case in point: if this were early 2021, i could get a 12/8 fourplex in SW Ohio for $425k at 3%. quick math with all deductions and it's abt $1,032 positive a month. 8% makes it $-294.

in for answers

Refi deez nutz

lol, yes you should absolutely do this. Brilliant move.


































In on roll bread. Srs, vry srs.

bigger = better

go for it