I have just fixed up a duplex with new paint, kitchen, landscaping, and flooring. Would it be a good idea to refinance and pull out more money up to 80 percent loan to value? I dont know if an appriasal would come in much higher, maybe it would any thoughts out there, thanks
Is it a buy and hold or a flip? If you're holding it, its all about cash flow. If you can refi with good terms, get cash for more investing and still cash flow the units, maybe a good idea. If its a flip and you need the cash, definately refi before you put it on the market. You'll have a tough time finding a lender if you list it and then look to refi.
Astute advice offered by the other poster...There are hard money loans that allow for cash out while on the MLS; conventional will lend if 1 day off the MLS.