Cash Out Refinance Explained 💸 🏠

Real estate investors can use a cash-out refinance to get cash from their property's equity. Basically, they get a new mortgage for more than what they currently owe, and the extra amount is given to them as cash. This is helpful if they want to invest in more properties or make improvements on their current ones. However, it's important to know that there are some risks involved, like higher interest rates and closing fees, and it's possible to end up owing more on the property than it's actually worth.

DISCLAIMER: please note that the information contained in this video is for educational and entertainment purposes only. You should always consult your own attorney and your own financial and tax advisors before making any legal or financial decisions. This video is not intended to and does not create any attorney-client relationship between the content creator and the viewer. The views and opinions expressed in this video belong solely to the creator and do not reflect those of his law firm or any of his business partners.

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[anyaneez]

Do you not then run the risk of owing more money to the bank and raising rent on tenants who may not be able to pay? Then what, kick them out and lose money while it's vacant? Taking the difference of a loan for yourself seems irresponsible because it's not really your money, it's always the banks. I still dont get how people pay themselves from

[bubbafox]

Cash out refi is cheaper than a business loan.

[GeeGlocc]

who primary residence gonna be 300k equity?

[hassanmemon]

Would you recommend doing a cash out refi in these times or wait ?

[xthomxs]

What if the property I own is paid off and 80% of the equity is 80, 000, would I be able to use that 80, 000 and put it down on a new property if yes, would I need to pay that 80, 000 back?.

[YoungAndDumbAgency]

I'm more concerned about the not ever paying the whole mortgage in whole, it's like student loans. If you don't have a mortgage, you own any appreciation but what happens in depreciation I'm still concerned

[RestfulRejuvenation]

But after you pay off the old loan and have this wonderful $200, 000. You still have a $400, 000 loan to pay back??? Even if you buy another property with 200k on a 500k property and take another loan, you then have to pay back TWO LOANS. Can someone please explain? im 19 and new to real estate and really want to understand.

[Cloudman_]

Except the new rates will be dog crap 💩 every month interest rates are higher and higher. Works when they are down like they were for the last decade

[SergeyKasimov]

With high interest rates you be sinking your boat each time you do this

[romancebuie]

In understand everything you’re saying but it’s so aggravating listening cause of the big words you’re using. I mostly wanted a short on this topic to share to someone else. Your video wouldn’t help a novice understand anything