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Updated over 6 years ago on . Most recent reply

How does refinancing “ get your money back “
Let’s say for example:
You buy a duplex, do 15K worth of improvements ( those of which are beneficial in the sense that it will make the worth of your house go up.. not golden toilet seats )
Rent out full
Raise rent
And then go to refinance.
Can someone explain to me what the benefits of refinance entail?
How do you “ get your money out “ ??
Most Popular Reply

Short version is if you have a $400k mortgage and later get a $500k mortgage, the difference less closing costs is deposited into your checking account tax free.