Don't Fall For This Real Estate Trap! #investment #money #entrepreneur #realestateinvesting

This is one of the biggest fundamental mistakes people make in real estate. They Cash-out refi and leverage themselves to the brink and when the market turns they’re underwater because they have no equity left and end up giving the keys back to bank. Sell your property at its peak, 1031 into another property, and keep building equity.

Don’t get me wrong refinances are a great tool but taking max loan to value just because the bank will give it to you is a very dangerous game and can bite you in the ass! Always try to keep your portfolio under 60% loan to value!

#realestate #investment #entrepreneur #refinance

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