TBT : Ask Marco - Should I Refinance our Rental to Buy More Properties?

Passive Real Estate Investing

Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.

Business:investing, Education, Entrepreneurship, How To, Investing, Business

4.8 • 953 Ratings

🗓️ 14 August 2025

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Click Here for the Show Notes In this episode, the host answers a question from Jade, who is considering refinancing a nearly paid-off rental to invest in more cash-flowing properties. He explains that this strategy often increases overall income, even with added debt, as long as the new properties are in good markets. A 30-year mortgage near retirement isn’t a major concern if the goal is long-term cash flow and wealth-building. Jade also asks about Airbnb or short-term rentals in multifamily properties, which can work well if the location has strong demand, but long-term rentals offer more stability. Overall, the strategy seems sound if the numbers work. Contact Us to schedule your call today. -------------------------------- Throwback Thursday Episode (The episode originally took place in the year 2019) This episode is part of our Throwback Series and may include references to older content such as webclasses, events, promotions, or links that are no longer active or available. While the conversation and insights still hold value, please note that some information may be outdated. -------------------------------- If you missed our last episode, be sure to listen to Leverage, Location, and a Little Memphis Magic Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. See our available Turnkey Cash-Flow Rental Properties. Our team of Investment Counselors has much more inventory available than what you see on our website. Contact us today for more deals.

Transcript

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0:00.0	Welcome to passive real estate investing, the show where busy people like you learn how to build substantial passive income while creating wealth for the long term. And now, here's your host, Marco Santorelli.
0:13.0	Hello, my friends. Welcome back to passive real estate investing, where we dive into the world of real estate investing, among other related topics, to help you with your real estate investing journey.
0:23.6	Today, we're doing something a little different.
0:26.2	We're going to take a trip down memory lane and showcase an important episode from the past on what we call our throwback Thursday episode.
0:34.8	Now, whether you've been with us since the beginning, which goes back to 2015,
0:38.8	or you're tuning in for the first time, this episode is a must listen. We are revisiting one of our
0:45.4	more popular episodes from the past. And believe me, what we discussed back then, whether it's
0:51.0	six months ago or six years ago, is just as relevant today. So sit back,
0:56.5	relax, and let's rewind the clock for this great episode. Enjoy. Today's question comes from Jade.
1:03.1	Thank you very much, Jade. She says, excellent podcast. I wish that I'd found it sooner. As you
1:09.0	mentioned, ignorance is expensive. We paid off most of a rental home,
1:13.0	but we'd like to retire soon, which means we need more cash flow. We're considering refinancing the
1:18.3	rental in order to fund the down payment of additional rental properties in a different state that
1:22.7	have a better cash flow. Any thoughts on this? And Jade goes on to say, we're nearing retirement age,
1:29.1	so the thought of refinancing with a 30-year mortgage seems like a long time, but it would
1:34.8	give us the best cash flow. What are your thoughts on this? Any other things we might want to consider?
1:41.7	So this is a great question, but there's not enough information here to
1:46.7	really give you a more specific or targeted answer, but I can answer it generally. And here's what I would say.
1:56.9	If you have a rental property right now that is mostly, if not entirely free and clear,
2:03.6	so it means you have a mortgage on it, but it is not paid off, that's fine.
2:09.2	But if you've got a lot of equity that you can pull out through a refinance,
2:13.7	which is essentially a cash out refinance, and there's no tax implication on that at the time,
	...

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