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Updated about 6 years ago,
After Rehab, do I have to put 25% down in a refinance?
Hello,
Right now I have 25% down on a 2 unit rental property I do not live in. I plan on rehabbing it when the leases are up. When I go to refinance it, will I have to have 25% equity in it since I don't plan on living there? Are there creative ways to having only 20% in there. Should I go to my bank (current loan) or a private lender?
Thank you for any and all help!
Danny