Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 4 years ago on . Most recent reply

User Stats

15
Posts
4
Votes
Erandi Lechuga
  • Rental Property Investor
  • Denver, CO
4
Votes |
15
Posts

Refi primary residence

Erandi Lechuga
  • Rental Property Investor
  • Denver, CO
Posted

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

User Stats

15
Posts
4
Votes
Erandi Lechuga
  • Rental Property Investor
  • Denver, CO
4
Votes |
15
Posts
Erandi Lechuga
  • Rental Property Investor
  • Denver, CO
Replied

@Matthew Crivelli

If I want to buy and hold the investment property, would you still go with a private lender?

Loading replies...