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Updated almost 5 years ago on . Most recent reply

Christian Thompson's profile image
Christian Thompson's profile image
Christian Thompson
  • New to Real Estate
  • from Houston, Texas
  • Member since Feb 8, 2020
Connect

User Stats

28
Posts
5
Votes
Christian Thompson's profile image
Christian Thompson's profile image
Christian Thompson
  • New to Real Estate
  • from Houston, Texas
  • Member since Feb 8, 2020
Connect
Christian Thompson
  • New to Real Estate
  • Houston, TX
5
Votes |
28
Posts
Buying & Selling Real Estate

Cash out Refinance or home equity loan

Christian Thompson
  • New to Real Estate
  • Houston, TX
Posted

I currently on a SFH that I rent out. I've had the property for 2 years now. I'm looking to get into small multifamily. I'm trying to pull more lines together for the down payment and rehab of the property.

What is best to do? A cash out refinance or home equity loan? Or is there something someone else suggest?

I currently owe 167k in the property. It appraised for 180K 2 years ago. Not sure how much equity I would be able to pull out of it if I did a cash out refi. 

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