Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago on . Most recent reply
Personal Residence Refinance Question
I have a mortgage question on my personal residence. It is currently a duplex that I am almost done renovating both units. I have been living at the property for 6 months. My plan is to split the deed into 2 separate townhomes.
I would like to cash out refi both units as investments with 20% equity (or less if possible). Do I need the units to be rented before I can refinance? Or can I refinance and then rent / AirBNB them? Thanks