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Updated over 16 years ago on . Most recent reply

Appreciation question.
Hello I was listening to Robert Kiyosaki and he was talking about holding on to property for cash flow and if the property value increases he would simply go to the bank an refinance.
So does this mean if i had a property that was worth 100k i hold it for 2 years and its appraised at 110k do i go refinance and just pocket the money ?