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Updated over 8 years ago,
Financing
I recently purchased my first property from a bank owned Auction which I paid cash for. The property is in Philadelphia PA and I paid 39k. After repairs the property should be worth 100 to 110k based on the comps in the area the repairs are almost done and I am looking for the next one however I don't know what kind of refianace loans I should aim for. Should I do a cash out refinance, a line of credit home equity, or a personal loan on the house? I am looking to rent it for a bout 800 a month. Any help would be greatly appreciated