Houses have doubled in value! The perfect opportunity for investors to refinance and reinvest! This level of cash out refinancing has not been seen since the mid 2000’s! Take advantage of this hot market and give us a call to see how you can get financing now!
The U.S. housing boom is creating a new class of real estate tycoons with an easy source of financing: their own homes.
Soaring prices have showered property owners with record equity windfalls, sending cash-out refinancings to levels not seen since the peak of mid-2000s housing frenzy. For some people, that means cash for a remodel or vacation. But others are putting that money to work by buying second, third or even 10th houses.
“With the pandemic, everything is skyrocketing,” said Keshav Agrawal, a 33-year-old Californian who extracted $300,000 from his family’s Orange County home in late 2019 and put the money toward five rental properties in lower-priced Atlanta.Wealth for You
Those houses have doubled in value. And Agrawal, who started his cash-out foray with $150,000 in credit card debt and little savings, is peeling off their equity to buy more.
“I’m growing exponentially off of one refinance,” he said.