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Updated almost 7 years ago,
Refinance Exisiting Rental
My partner is looking into refinancing his existing rental property that is on an adjusted rate. He owes around $35000 on the existing loan and a realtor stated to him that it should appraise for $70000 to $75000.
My question is what would be the best approach to get on a fixed rate and be able to get some money back in order to invest in future deals. We are located in Texas