Epic Real Estate Investing - The Secret to Boosting Your Cash Flow: Refinancing Your Rental Property | 1333

Episode Date: August 20, 2024

Are you leaving money on the table with your rental property? In this episode, we dive into the powerful strategy of refinancing that could boost your cash flow, lower your mortgage payments, and open doors to new investment opportunities. Discover how a simple refinance can transform your real estate game, turning high interest rates into high returns. Don’t miss out on maximizing your property’s potential—tune in to learn how refinancing can be the key to financial freedom and a thriving investment portfolio. Learn more about your ad choices. Visit megaphone.fm/adchoices

This is Terio Media. Hey, strap in. It's time for the epic real estate investing show. We'll be your guides as we navigate the housing market, the landscape of creative financing strategies, and everything you need to swap that office chair for a beach chair. If you're looking for some one-on-one help, meet us at rei-aise.com. Let's go, let's go, let's go, let's go, let's go, let's go.

Let's go. Hello there, Mercedes here, Living the Dream. Welcome back to another episode of the Epic Real Estate Investing podcast. And before I dive in, I would love if you can take just a moment to give us a five-star review and share with me what you like about our show or what topic you would like for me to cover. And if you have any questions that you would like me to address, I would love to take the opportunity to do so. And if you know anyone that would benefit and our podcast can make a difference for their financial future, please share us. And while you're at it, give us a seven-star review and give me a

comment on what you would be interested so that I could do research and report it in bite-sized nuggets. Also, I want to send a shout out to Lisa Ann P from Erie, Pennsylvania. She wrote us a five-star review and said, Mercedes, I've been following you for quite some time, and I love how you break down real estate facts and important information about real estate in bite-size, easy-to-understand podcast. I have a 20-minute commute every single day,

and I love how you can fit important information in just 15 to 20 minutes on my way to work. So Lisa Ann, it is my pleasure and thank you so much for the five-star review. I truly, truly appreciate it. I will continue, Lisa, to try to do that just for you and everyone else. All right, so let's get started. Did you know that a simple refinancing or a move of that sort can put thousands back into your pocket? If you own real estate rentals, This is a game changer you cannot afford to miss. But before I dive into that, here is a word from our sponsor.

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All right. So, are you in? a space where managing rental properties can feel like a financial juggling act, especially when interest rates and loan terms are eating into your profits? You know, that mortgage that you took out years ago, it could be holding you back more than you think. So now picture this. You're missing out on higher cash flow, scaling opportunities, and lowering your monthly payments. all because your current loan is draining your resources. Every dollar spent on unnecessary interest is a dollar loss to growing your real estate portfolio

and your cash flow. Refinancing may sound like such a hassle. Trust me, I get it. But consider the alternative. Staying stuck with higher interest rates or, let alone, missing out on not cash, capitalizing on your equity or missing out our more lucrative opportunities. Now, some of you may have higher interest rates because you dove into an adjustable loan and it adjusted. Right now, your interest rates are eating your monthly payments alive, meaning less cash flow in your pocket.

Or maybe you were unable to refinance during COVID when rates hit like a rock, bottom of like three and a half, four percent, and you weren't able to qualify perhaps because you were laid off or because you showed decreasing income because of COVID. Having said all that, here's the solution. Refinancing your rental property isn't just nice to have. It's truly a strategic move that can revolutionize your investment. Imagine lowering your money. Imagine lowering your interest rate can hence lower your payment, and if you're collecting rent, that would mean more money in your pocket. But lowering your interest rate and shortening your mortgage term, or even pulling out equity to reinvest, is all money in your pocket. Whenever you're looking

to reduce your debt to income ratio or to free up cash for renovations or for something else that you have in mind that may produce more of an income for you, a well-time refinance can unlock full potential not only to your property, but to your pocketbook. And it's simpler than you might think. Now, I know the idea of just starting to think about a refinance, which means organizing your paperwork, getting all your ducks in a row. It could be. yeah, a little bit mind draining. But walking in a better rate or better terms or accessing equity that you have sitting idle could absolutely sweetened the deal for you. And before you know it, you could be closing on a deal that sets you up for long-term success all because you tapped

into unused equity, or you refinance to get a better rate. Now, rates are higher than post-COVID, but they're actually starting to climb down. Actually, I should say to come down, not climb down. The opportunity is there, but sometimes you just have to dig a little deeper. So don't let it slip through your fingers, and for sure, don't let lazy. of getting all of the paperwork together, which can be a nightmare. I get it. Don't let back slip through your fingers because this potentially can mean money in your pocket. Refinancing could be the key to scaling your real estate portfolio, to increasing your cash flow, and to ultimately

achieving financial freedom. So look for opportunities, not only opportunities to sweeten the deal with a perhaps a helock to tap into your equity or potentially lower rates, but within your deal, it could be hidden right under your nose. That's it for today. And if you're stuck analyzing where you are with your current properties, don't hesitate to reach out to us for clarity. That's what we're here for. Go to cashflow savvy.com, complete the contact us. Let us know what you need and one of our team members will reach out to you to help guide you and navigate through what you can have in your rental property that you potentially don't know it exists. We will help you brainstorm and create money you potentially don't even know you have.

And don't forget to leave us a five-star comment. That five-star review goes a long way not only for us, but potentially for you. That's it for today. Until next time, where cash flow is queen. Have an amazing day. And that wraps up the epic show. If you found this episode valuable, who else do you know that might too? There's a really good chance you know someone else who would. And when their name comes to mind, please share it with them and ask them to click the subscribe button when they get here and I'll take great care of them. God loves you and so do I. Health, peace, blessings and success to you. I'm Matt Terrio. Living the dream.

Yeah, yeah, we got the cash flow You didn't know home for us, we got the cash flow This podcast is a part of the C-suite Radio Network For more top business podcasts, visit c-sweetradio.com