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Updated over 8 years ago on . Most recent reply

Pulling cash out of investment property for a downpayment
Currently my wife and I own 3 properties. One is our primary residence with about $50,000 equity. Another is a duplex that we rent out both sides with about $650,000 equity and a 4.79% rate on the mortgage, the third is a cabin that we do vacation rentals on that we own free and clear. I am looking for the best way to pull cash out for a downpayment on another rental property. I am either looking to do a brrr in my area of the Bay Area in CA or to buy a turn key property in the Dallas Texas Area. I am currently selling my business that is finally cash flowing this year but not a lot of income on taxes, my wife has a good salary and we both have excellent credit scores.
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@Bradley Adams - Pulling $250k out of the duplex will set you back about $1300/month. Will that duplex still be a money maker at that point?