Welcome to another episode of Multifamily Investing Made Simple in under 10 minutes. Today, we’re going to demystify cash out refinance, one of the most powerful mechanisms to get back the money that investors have allocated in a value-add deal. Typically, most of the money created in a value-add deal is realized only when that deal is sold.
That means investors have a lot of money sitting in a property that has just boosted its value. To allow the investors to recoup the money they have invested while still owning the property, we need to do the cash-out refinance. Let’s tune in now to learn the cash out refinance process!
“Cash out refinance is a great way to appreciate some of the profits you’ve created in your deal prior to actually selling the deal.” - Dan Krueger
“Now you own just as much of the building as you did before but you have less money invested in it. So, even if everything goes to crap, you’ve already recouped so much of your money...so you’ve de-risked your investment.” - Anthony Vicino
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