Skip to main content

Cash out refinance to dollar cost average the S&P 500 during next recession?

I am currently in the process of buying my first rental property and should close the deal within the next two months. I don't have the most solid grasp on economics (how a recession would impact interest rates), and exactly how refinancing works and the different types of refinances, would that be a bad strategy? I wouldn't try to time the market bottoming out, hence the dollar cost averaging, and would sell out my positions once the market was back in the green. I haven't been able to find anything about this idea online except for in this forum: http://www.city-data.com/forum/investing/771714-cash-out-refi-invest-stock-market.html

where this guys financial advisor suggested he do just this but his accountant thought it was too risky. The comments call his financial advisor incompetent but this was in 2009 and had he done that would've made easily doubled/tripled up his money. Thoughts?

submitted by /u/skytrash69
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/dbb6qa/cash_out_refinance_to_dollar_cost_average_the_sp/
Labels:

Comments

Post a Comment

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...
Post a Comment
Read more

Looking for Prospective Opportunities to Utilize Floor Plan Redraw Skills

"Hey HomeOwners & Investors , I have a team of 10 professionals who are trained in redrawing/redesign floor plans in both 2D and 3D interior& exterior using floorplanner.com/3ds Max and TruView point cloud. We're looking for prospective opportunities to utilize our skills. Are there any companies or individuals in need of accurate floor plans and measurement reports ? Any suggestions for where to start looking? Thanks in advance for your help!" submitted by /u/mangojuicelife [link] [comments] source https://www.reddit.com/r/RealEstate/comments/119uoh0/looking_for_prospective_opportunities_to_utilize/
Post a Comment
Read more

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/
Post a Comment
Read more