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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. Affiliate / Video Links and Free Giveaways: Sign up for a Roofstock account with my affiliate link here: http://roofstock.3k3q.net/c/2953139/9... My favorite tenant screening service (RentPrep.com): http://bit.ly/RentPrepAffiliate sign up for a free account have your applicants pay for tenant screening directly to the site no more need to collect application fees Watch my review and tutorial here:    • How to Screen Tenants in 2021 | RentP...   Best platform for finding off-market real estate deals (PropStream.com): https://trial.propstreampro.com/succe... sign up for a free 7-day trial to test it out! tons of features for finding and marketing to motivated sellers and cash buyers Watch my review and tutorial here:    • Видео   Rental property analysis video playlist:    • How to Analyze a House Hack Listing   My free sample rental application: https://mailchi.mp/3050a8472b29/sampl... Watch the video here:    • Include THIS in Your Rental Applicati...   ---------------------------------- Instagram:   / succeed_rei   Facebook pages:   / succeedrei     / serenity518   LinkedIn:   / vitaliyvolpov   TikTok: https://www.tiktok.com/@succeedrei?_t... Attorney Profile: https://www.woh.com/attorneys/79/vita... My blog: http://www.succeedrei.com My real estate brokerage: https://www.serenityrealestate518.com/ -------------------------------------

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