I am thinking about doing a cash out refi to recoup my 20% down payment I used to purchase my investment property. I want to purchase a 4-plex but I don't have the 20% down payment, I was looking to get half of the down payment from the cash out refi and borrow the other half. (I would like your thoughts on this approach.) My second question is can I use a rental property as collateral to get a conventional loan to purchase a multi family property?

Corey JacquesPoster

Minneapolis, MN

Posted January 08, 2020 04:57

I am thinking about doing a cash out refi to recoup my 20% down payment I used to purchase my investment property. I want to purchase a 4-plex but I don't have the 20% down payment, I was looking to get half of the down payment from the cash out refi and borrow the other half. (I would like your thoughts on this approach.)

My second question is can I use a rental property as collateral to get a conventional loan to purchase a multi family property?

Corey Jacques

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