Hypothetically, I build a 4 unit development that adds about 200k equity when completed. Is it better to refinance the units at the end of the build with a new updated valuation and pull the newly created equity out to fund other investments.
Or is it better to run a line of credit out of the existing loans?
I am not too sure what the difference would be, except the LOC would be at a higher interest rate.
Or is it better to run a line of credit out of the existing loans?
I am not too sure what the difference would be, except the LOC would be at a higher interest rate.