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Carolyn Leonforte
  • Rental Property Investor
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Cash out home refinance or HELOC?

Carolyn Leonforte
  • Rental Property Investor
Posted Feb 25 2020, 19:28

Good evening! I have two rental properties in two separate states (MD and OK). I plan to jump into my first BRRRR using my equity, very excited!

I would like to do a cash out refinance of both homes, or potentially a HELOC. I was under the impression that I could combine both mortgages into a single new one and pull out my equity in both the homes. I recently reached out to a local mortgage lender and they said it can't be done because the properties are in two separate states.

Does anyone have experience in this? Any advice or examples you can share is much appreciated in advance!

-Carolyn Leonforte

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