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All Forum Posts by: Jermaine Washington

Jermaine Washington has started 2 posts and replied 13 times.

Out of State Investing

Post: Cash out refi question

Jermaine WashingtonPosted
  • Posts 13
  • Votes 7

But ideally the cash out from house "A" of $115,000 would cover the balance of house "B' of $89,000, correct? My apologies for not providing that info.

0 Votes
Out of State Investing

Post: Cash out refi question

Jermaine WashingtonPosted
  • Posts 13
  • Votes 7

Your reply is greatly appreciated Jaycee! Estimated value of house "A" is $165,000 the loan balance is $116,675.24 monthly rent is $1300.

1 Vote
Out of State Investing

Post: Cash out refi question

Jermaine WashingtonPosted
  • Posts 13
  • Votes 7

Hello BiggerPockets Community,

Jermaine here! I'm relatively new to the real estate game with three properties with roughly one year of equity. My question is "for anyone with this particular experience" Is it a far fetched idea to do a cash out refi on house "A" to payoff some personal debt and large payment on house "B" to knock down the principal? Just trying to figure out what's the next best move. Thnx in advance for any insight!

0 Votes