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Your low interest rate could be killing your cash flow, and we have the proof. Most investors assume that sitting on a low rate is the smartest thing to do in today’s market. With rates double what they were during the lows of the past few years, real estate investors are hesitant to refinance or buy new rentals with seven or even eight-percent mortgage rates. But what if those properties could make you MORE cash flow?
Chris Lopez is back on BiggerPockets, walking through whether you should keep, refinance, or sell your rental property to make more cash flow. Today’s real rental property comes from the BiggerPockets Forums (https://www.biggerpockets.com/forums?utm_source=owned_media), where an investor is barely breaking even on cash flow BUT has a four percent rate. Chris finds a way to improve his cash flow by over $45,000 MORE per year! And if you follow the same steps, you can see your cash flow explode, too!
00:00 Is Your Low Rate Costing You?
01:21 The Property Numbers
03:40 Sponsor: Property Llama!
04:29 1. Keep the Rental
06:57 2. Cash-Out Refinance
09:33 3. Sell and 1031 Exchange
16:32 Give Up Your Low Interest Rate!
