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Updated about 5 years ago,
Looking for some guidance
- 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?