I am considering bundling 3 rentals and taking out the cash to buy a few more rentals. I can probably buy 1 rental cash and possibly finance 1 maybe 2 if my numbers are correct, if I bundle those properties. The concern I have is that now I would have 3 of my properties tied up with one loan, and of course this is a little more risky. I know I can cash out refinance one 1 property and still probably get 2 but with a mortgage. I am not afraid to take risk but if anyone has done this and it has worked out well or not worked out well I would appreciate your thoughts and advise. Thanks
bundle properties(by Jimbo [KY]) Posted on: May 24, 2018 10:59 PM Message:
My credit union allows me to sell an individual unit out of the bundle and pay off the prorated share of the loan. They then adjust the payment to the lower amount. Works out well for me.