You’re trying to buy your first rental property, but you keep losing out to buyers making cash offers and waiving inspections. Are you doing something wrong? In this episode, we’ll show you how to find more deals, improve your offers, and even be the first one to the party!
Welcome back to another Rookie Reply! One of the biggest perks of real estate investing is the home equity you build through loan paydown—money you can use to grow your real estate portfolio. But between cash-out refinancing, a home equity line of credit (HELOC), and selling your property, what’s the best way to pull your money out? Ashley and Tony are here to break down your options. Next, we’ll discuss the best properties to buy with appreciation as your main goal. Should you buy the cheaper home that needs renovations or the move-in-ready rental? Stick around as we compare these properties head-to-head!
Ashley :
Okay you guys, let’s get your questions answered. I’m Ashley Care and I’m here with Tony j Robinson
Tony:
And welcome to the podcast where every week, three times a week, we bring you the inspiration, motivation, and stories you need to hear to kickstart your invest journey. Today we’re diving back into the BiggerPockets forms to get your questions answered. Now guys, the forms are the absolute best place to quickly get all of your real estate investing questions answered by tons of real estate investing experts. So today we’re going to discuss cash out, refinance versus selling. What’s most effective, what property type will yield the best appreciation and where to find your. Alright Ash, so what question do you got pulled up for us?
Ashley :
So I’m actually looking one about tapping into the equity in your property. So this question is, I’m considering two options for my property and would appreciate some advice. So the first option is to do a cash out refinance on the property and then sell, so the cash out refinance to access some of the equity, then sell…