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Updated almost 5 years ago on . Most recent reply

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61
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Chris Bluem
10
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61
Posts

Personal Residence Refinance Question

Chris Bluem
Posted

I have a mortgage question on my personal residence. It is currently a duplex that I am almost done renovating both units. I have been living at the property for 6 months. My plan is to split the deed into 2 separate townhomes.

I would like to cash out refi both units as investments with 20% equity (or less if possible). Do I need the units to be rented before I can refinance? Or can I refinance and then rent / AirBNB them? Thanks

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