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Updated about 10 years ago on . Most recent reply

Adam Smit's profile image
Adam Smit's profile image
Adam Smit
  • Investor
  • from Wilmington , IL
  • Member since Nov 24, 2013

User Stats

10
Posts
1
Votes
Adam Smit's profile image
Adam Smit's profile image
Adam Smit
  • Investor
  • from Wilmington , IL
  • Member since Nov 24, 2013
Adam Smit
  • Investor
  • Wilmington , IL
1
Votes |
10
Posts
Starting Out

Equity as a Down Payment

Adam Smit
  • Investor
  • Wilmington , IL
Posted

I have recently bought a duplex for 70k. (3 bedroom 2 bath & 1 bedroom 1 bath).  I have done some updates and the property has now appraised for 120k.  Is it possible to refinance this property and use the difference as a down payment on another property?

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