Hey guys I have a quick question. I recently bought my first duplex for $315,000. (10,000 down) (mortgage $1850) Its under owner contract right now but I am switching it to a bank financed property in may. (due to not being at my job long enough to qualify yet)... It was built in 1975, although in great shape, it was extremely dated. 2 bedrooms 1.5 baths on each side. I put 8 grand into one side. I updated all the lighting, put new sinks and countertops in the bathrooms, and kitchens, (nice backsplashes), I put brand new stainless appliances in. And I re rocked and tiled the old fireplace to make it look nice and updated. I was able to get it rented out ($1200) right away.

I moved over to the other side of the duplex(receive $1100 from my roommates, and I had a room professionally built in the garage for myself) and this side has not been updated. Now one side of the duplex is a 3 "bedroom" (2 legit, and one with no window). I am thinking about remodeling the half bath downstairs to a full bath as well. I close on may 1st with the bank(I don't need a downpayment do to a refinance) and as of now my credit score is only 595. My question is this. Should I spend a few thousand more dollars on my side to do the same updates and try to get cash out at the refinance date. (could I even get money out, idk?) Or should I pay down my some of my debt to improve my credit by may. I would like to get cash out so I can put it into my next deal.

My personal income is $7200 a month (including rental income)

My personal expenses are $4100 a month (including mortgage payment)

Total personal debt $27,000 (obviously not including the total mortgage)

Whats the move??

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how much is it worth?

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