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Updated almost 11 years ago on . Most recent reply

Emily Pierce's profile image
Emily Pierce's profile image
Emily Pierce
  • Rental Property Investor
  • from West Palm Beach, FL
  • Member since Apr 14, 2014
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User Stats

27
Posts
13
Votes
Emily Pierce's profile image
Emily Pierce's profile image
Emily Pierce
  • Rental Property Investor
  • from West Palm Beach, FL
  • Member since Apr 14, 2014
Connect
Emily Pierce
  • Rental Property Investor
  • West Palm Beach, FL
13
Votes |
27
Posts
Starting Out

Re-Fi cash out

Emily Pierce
  • Rental Property Investor
  • West Palm Beach, FL
Posted

I purchased my townhome as my primary residence over one year ago at 85k and identical units are selling for anywhere between$120 - $160k. I'm really trying to take the plunge into my first investment property and I do have some cash set aside, but I'd like to keep that cash in my reserves. It seems too easy to refinance and cash out the equity. If anyone has any tips or advice to share, I would appreciate it. Thanks!

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