Refinancing to buy another investment property
I’ve been thinking about refinancing my current duplex in order to get another duplex here in Southern California. Is this a good idea?
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Joe Villeneuve
#5 All Forums Contributor
Pro Member
#5 All Forums Contributor
- Plymouth, MI
As long as you get enough cash out of the refi for the DP, and as long as the original property you are refinancing still cash flow (and I don't mean barely cash flowing), this could be a good idea for you. You would have to see the actual numbers...in the form of $$$$ NOT percentages.