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Updated about 9 years ago,
Pulling equity out of home
I have a home I remodeled and own outright that I'm trying to sell and want to get into multifamily property. The house is listed at appraised value and has been on the market 2 months with no offers. Should I consider pulling a loan out on it for down payment on my first multifamily or would the cost to do that outweigh the advantage of getting started? Should I just wait to sell to get the equity out?