Refinance Investment Property

[Andrew Clifton]

We invested in a fixer-upper back in January. We purchased for 56k and it appraised for 84k after the rehab. Currently sits on the market. We are interested in a duplex. 

I was thinking maybe we could refinance the current investment to get into the duplex. 

Would this be a good move? 

What are some key factors I should research?

Thanks

Andrew 

[Aaron K.]

You could do that make sure that the rental market will support your new refinanced mortgage so that you are not putting more money into this property every month.