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  • I'm netting about $850 right now. Ill wait to refinance that one as you said. I was speaking in regards to a 2nd property that will be borrowed down payment money and I can pay them off with the positive cashflow but it will take a few months. I just thought it would make more sense to pay them back sooner then later.
  • Oh ok thanks. The reason why I was calling around is because I can get the down payment money for another property but I want to pay the source back right away.
  • Hey Nick, I called a few banks about refinancing (to get the down payment back) after the purchase of a property and they told me that they can only lend out 75 or 80 of purchase price. Does this vary with each bank?

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