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Private Lending & Conventional Mortgage Advice
HomeForumsPrivate Lending & Conventional Mortgage Advicerefinancing a paid off home
Account Closed's profile image
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Account Closed
  • from Alpharetta, Georgia
  • Member since Jan 29, 2013
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Account Closed's profile image
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Account Closed
  • from Alpharetta, Georgia
  • Member since Jan 29, 2013
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Account Closed
  • Alpharetta, GA
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Private Lending & Conventional Mortgage Advice

refinancing a paid off home

Account Closed
  • Alpharetta, GA
Posted Feb 1 2013, 09:46

Question: Is it wise to pay cash for a home and re-finance it to get cash to buy more properties? What are some downfalls to this approach?

Example: I pay 30k for a home.... refinance for 60k... to buy 2 more 30k homes

Is this a bad idea?

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