This foreclosure is in a beautiful area, 4 bed 2 bath and i have about 60,000 in equity.  

Been renovating it to the point where I have somewhere around 30k in equity in the home.

Fact is when things go wrong its normal to doubt your decisions and think what if I was wrong especially if your net exposure is very high (i.e. you have $1MM in properties say but only have $100K in equity and/or cash put aside thus your net exposure is high).

Toronto’s Tricon Capital Group Inc. said that $750 million of the roughly $2 billion it plans to spend will be committed in equal portions by its California home-rental unit, a U.S. pension and a sovereign-wealth fund.

This show is packed with insight from AJ, including: How a loss on his first deal directly led to millions of dollars in later profitHow to find underperforming real estate dealsHow he made $13,000,000 in equity from an old Kmart buildingAnd the medical emergency that put his real estate to the ultimate survival test while AJ fought for his life (this story will shock, amaze, and inspire you!)

If both units are of similar value you have $345K in equity.

I now have just less than 10 years left on that mortgage and over 50k in equity in that property. 

My Lakewood property was a huge mistake on the acquisition side thanks to my inexperience and a snake-oil-salesman-RE-agent pushing for a commission, but because the property was in such bad shape I was able to still come out with $40k in equity from acquisition. 

When I purchased the home a few years ago, I put down 20% and have seen an increase in equity since it was purchased.

I now owe $450K on the loan.If I refinance the property now valued at $1.7M and we can pull out $750K in equity with the refi, what are the tax implications?