Greater Third Ward (Houston, TX)
By Carlisle Mitchell
(Carlisle Mitchell - Insider Tips for Real Estate Investors)
One way to acquire a substantial amount of real estate is to periodically refinance properties already owned and then use the proceeds to purchase new properties. This procedure is known as cash out through refinancing. Unlilte capital gains created through selling (where an investor purchases a property, improves it for resale at a higher price, and then purchases additional properties with gains from the sale), Cash Out Refinancing is based on keeping all properties acquired. By not selling, the investor is constantly increasing the refinancing base while voiding capital gains taxes. Cash Out Refinancing begins with the purchase of one property. If more thanone property can be purchased to start the plan, then the refinancing base will beenhanced at the outset. The type of property t...
Comments 13
Houston, TX Real Estate Professionals