All Forum Posts by: Melanie Wilkinson

My only concern is that we can’t get enough on a cash out refi to buy and complete the duplex. With the market the way it is, we could easily get 200K for the house if we sell it, and that would buy and rehab the duplex. No we won’t be living in the duplex. 

So we own a home in Rincon that is mortgage free. We really want to buy a very distressed duplex in Savannah for income replacement for my husband. We are considering selling our house to fund the project. Our house is very small (988 sq Ft) with an in ground pool. We are wondering, should we keep our house as a rental? And get hard money for the project, but lessen the the cash flow or take advantage of the hot market and sell our house and cash flow the duplex and draw out the equity after rehab? This is my first project and I really want to maximize my options. Thanks!!