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Updated over 7 years ago,
Mortgage cash out or conventional for first property
So trying to make a decision for financing my first deal. I have a home worth $180K owe $45K on the home. Wondering if I should do a mortgage cashout to get approx $87K ($140 loan) out of the house for they payment on my first deal or try for a conventional financing on my first deal. Any suggestions would be great. Looking to maybe pay cash for a forclosure deal at the courthouse.