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Updated almost 9 years ago on . Most recent reply

Michelle Franco's profile image
Michelle Franco's profile image
Michelle Franco
  • from Bronx, New York
  • Member since Nov 21, 2015
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16
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2
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Michelle Franco's profile image
Michelle Franco's profile image
Michelle Franco
  • from Bronx, New York
  • Member since Nov 21, 2015
Connect
Michelle Franco
  • Bronx, NY
2
Votes |
16
Posts
General Real Estate Investing

Question about equity

Michelle Franco
  • Bronx, NY
Posted

Hello All

I'm planning on buying a  single family house to live in. After i move in and fix it would I be able to take out an equity loan or equity line of credit to purchase a rental ? Would I then be able to refinance the new rental property and pay back the money I took out of my house? Can you tell me the pros and cons of this strategy? Also how long before I can take out the credit or loan? Which is better?

Thanks

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