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Updated 12 months ago,
Cash-out refi or heloc after purchase of $850000K multi family
Currently in contract. I'm putting 25% down on an $850K multi family. When all is said and done will I be able to take a heloc out on the property? Considering I will own at least 25% of the property. I want to make sure I'm not missing anything.
25% of $850K is $212K
75 % LTV of $212K is $159K