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Updated almost 9 years ago,

Miguel G.'s profile image
Miguel G.'s profile image
Miguel G.
  • from Overland Park, Kansas
  • Member since Feb 23, 2015
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70
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20
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Miguel G.'s profile image
Miguel G.'s profile image
Miguel G.
  • from Overland Park, Kansas
  • Member since Feb 23, 2015
Connect
Miguel G.
  • Overland Park, KS
20
Votes |
70
Posts
Buying & Selling Real Estate

Asking the bank for a mortgage on a property I own

Miguel G.
  • Overland Park, KS
Posted

Newbie question: suppose I buy a house cash, fix it up and then decide I want to rent it out. Can I ask the bank for a mortgage on the property so that I can take money out of it in the form of refinancing to use it to buy another property? That'd be like buying the property from myself and putting a mortgage on it.

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