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Mario Cruz
  • Investor
  • Syracuse, NY
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37
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"cash out refinance"...I need help understanding this

Mario Cruz
  • Investor
  • Syracuse, NY
Posted Jun 22 2015, 15:19

I was watching a video where the investor bought a home with equity built in held the property for a year then did a cash refinance and made money for his next investment. Does this sound right? ultimately I'm trying to understand cash out refinance and how it works in investments. 

Thanks in advance everyone.

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