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Updated over 8 years ago,
2 unit decisions
So I have a 2 unit and I financed thru hard money. I'm debating weather to refinance and keep long term. If I sell and move on I can make a pretty penny but if I refinance it could be a property that long term could benefit me in retirement being as tho I'll be hitting 40 soon and own my own business.
Property goes like this
$118,000 back to hard money
Sale price 179,900
I have about $15,000 invested once rehab is complete.
So I would be into it for roughly $133,000
I understand the profit margin if I sell but I'm not sure how the refinance would work. Could anyone share some insight?