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Updated almost 4 years ago on . Most recent reply

Billy Trent III's profile image
Billy Trent III's profile image
Billy Trent III
  • Flipper/Rehabber
  • from Little Rock, AR
  • Member since Apr 6, 2019
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Billy Trent III's profile image
Billy Trent III's profile image
Billy Trent III
  • Flipper/Rehabber
  • from Little Rock, AR
  • Member since Apr 6, 2019
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Billy Trent III
  • Flipper/Rehabber
  • Little Rock, AR
1
Votes |
7
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Creative Real Estate Financing

If I refinance my home, can I purchase another home?.

Billy Trent III
  • Flipper/Rehabber
  • Little Rock, AR
Posted

My plan is to refinance my home, purchase a cheaper home to live in while I rent out my current home. My question is, if I refinance my home, can I purchase another home? The new home will be under 40K with 10K down.

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Eric James's profile image
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Eric James
  • Investor
  • from Malakoff, TX
  • Member since May 2, 2017
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Eric James's profile image
Eric James's profile image
Eric James
  • Investor
  • from Malakoff, TX
  • Member since May 2, 2017
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Eric James
  • Investor
  • Malakoff, TX
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Eric James
  • Investor
  • Malakoff, TX
Replied

Keep in mind, if you refinance as your primary residence you will be attesting that you will continue living in that house for another year 

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