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Updated about 1 month ago on . Most recent reply

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Noel Mangilit
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Buying a 2nd property

Noel Mangilit
Posted

Hey guys I'm looking to buy a 2nd property in the L.A area and I want to know what the better strategy would be: 1. sell my primary residence and buy a duplex so I can do a house hack OR 2. do a cash out refinance to house hack for said duplex. And if anyone has a better option, I'm all ears. 

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Ben Trageser
  • Accountant
  • Montclair, NJ
96
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210
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Ben Trageser
  • Accountant
  • Montclair, NJ
Replied

It all really depends on your overall situation and your investing strategy. For me personally, I am hesitant to sell unless it really makes sense. There is also a ton of different financing strategies available other than your conventional mortgages. I recommend speaking with @Denver McClure to see what is available given your situation.

  • Ben Trageser
  • [email protected]
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