Refinancing to buy another investment property

[David Martin]

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

[Joe Villeneuve]

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.