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Updated about 4 years ago on . Most recent reply

David Martin's profile image
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David Martin
  • Rental Property Investor
  • from Cathedral City, California
  • Member since Apr 20, 2016
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David Martin
  • Rental Property Investor
  • from Cathedral City, California
  • Member since Apr 20, 2016
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David Martin
  • Rental Property Investor
  • Cathedral City, CA
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General Real Estate Investing

Refinancing to buy another investment property

David Martin
  • Rental Property Investor
  • Cathedral City, CA
Posted

I’ve been thinking about refinancing my current duplex in order to get another duplex here in Southern California. Is this a good idea?

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Joe Villeneuve
  • #4 All Forums Contributor
  • from Plymouth, MI
  • Member since Jul 7, 2013
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Joe Villeneuve
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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
Replied

As long as you get enough cash out of the refi for the DP, and as long as the original property you are refinancing still cash flow (and I don't mean barely cash flowing), this could be a good idea for you.  You would have to see the actual numbers...in the form of $$$$ NOT percentages.

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