January 13th, 2011 10:45 PM by Eric Fang
Dear My friend:
Since you have 4 properties now, with two of them cashpurchases. If you plan to get more properties, I would recommend you to complete the cash-out refi loans first.
For the current market, it's very very hard to get cash-out loan after you have 4 loans. If you purchaseanother property now with loans(so you will have 5 properties with 3 loans), it's ok to get cash-out loan on one of the no-loan property, but it will be very difficulty to do cash-out loan for the other one(almost impossible).
So we need do a little bit planning here. Just wait a few months, until the 4th property cash-out loancompleted, then purchase the 5th property. It willmaximize your buyering power that way.
Your Friend,
Eric