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General Landlording & Rental Properties

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Matt Perdue
  • Homeowner
  • Cloverdale, VA
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Cash out refinance on a investment property

Matt Perdue
  • Homeowner
  • Cloverdale, VA
Posted Sep 8 2013, 16:10

I have two questions. I'm new to bigger pockets and it looks like people here can help. I'm going to purchase a investment property for 40k the tax assessment value is 130k. It needs minor work. Should I purchase all cash and put a mortgage on it after the repairs or get a mortgage on it do the repairs and cash out then. If so how long do I have to wait to do a cash out refi? I'm want to pull the equity out of this property to fund another. Hope this makes sense.

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