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Updated over 4 years ago,
Cash Out Refinance for First Project
My husband and I own a Home Improvement Business (General Contractor) and we would like to start investing in our own properties to Rehab and Flip. We are new to this side of real estate and are trying to find the best options for funding our first projects without using our personal money (or these least amount possible).
We have a home that we have equity in but our state (DE) isn't qualified for me to do a HELOC but I can get a refinance cash out. Is this a good idea or should we look into other means of funding?