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Updated almost 4 years ago on . Most recent reply
Refi primary residence
I would like to purchase a small multi-family loan in Colorado. A duplex or triplex that I can house hack. I have 20K cash but my primary residence has appreciated nicely and I'd like to re-fi to put a down payment on a multi family. I've been told I likely won't be approved for a loan after refinancing my primary residence.
Should I continue to save until I can afford the down payment or re-fi? If I re-fi, what are the chances I'll get approved/not approved for another loan?
Newbie asking for help!
Most Popular Reply
@Matthew Crivelli
If I want to buy and hold the investment property, would you still go with a private lender?