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Updated about 4 years ago,

Taylor Meeks's profile image
Taylor Meeks's profile image
Taylor Meeks
  • Member since Dec 13, 2020
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Taylor Meeks's profile image
Taylor Meeks's profile image
Taylor Meeks
  • Member since Dec 13, 2020
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Taylor Meeks
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General Landlording & Rental Properties

Advice on what to do with a paid off property

Taylor Meeks
Posted

Hello! I will be inheriting a home from my grandfather. It is a 3 bd 2 ba 1,938 sqft single-family home. The mortgage has been paid off. I want to turn this home into a rental property but it needs to be renovated first. I'm very new to real estate investing so I need some advice. Should I do a cash out refinance to get the money to renovate it? Maybe HELOC? Please help!

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