Turnkey properties and refi

[Manuel Villegas]

So here’s a rookie question of purchasing a turnkey property say from rent to retirement can you still refi to purchase another property hope I’m wording it properly.

[Harman N.]

I assume you mean cash-out refinance to pull out money? There's nothing that makes a turnkey property any different, you can refinance it within the same rules as any other property. However, if it's turnkey it's unlikely there's going to be much equity in the property, especially right after you purchased it. You can do a rate/term refi if you're looking to take advantage of the low interest rates and get a lower monthly payment.