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Updated over 8 years ago,
Cash out refi?
First and foremost I appreciate all of those who lend their knowledge/expertise to this inquiry. I have listened to countless podcasts and read many posts and the subject of cash out refi to obtain capital to reinvest is prevalent. I want to know the basics of the cash out refi process. I purchased my primary residence 4 years ago and have built roughly $30,000 of equity with $5,000 cash, some sweat equity from my father in law and myself, and a modest amount of appreciation. I plan to begin my REI career, following this unintended house hack, by rehabbing another property and want to know if I should sell my primary or cash out refi and rent it out? I am not asking for a direct this or that answer just some info on the refi process to make an educated plan of action.