Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago,
What kind of financing am I looking for?
Hello all. Just trying to figure out who I should be trying to talk to in my situation. I have a house which I bought on a line of credit (low interest rate, but tied to LIBOR). I'd like to cash out what I can and lock in an interest rate for as long as I can. It's tenanted and has been for more than 6 months. My personal income/expenses don't look great -- I'm currently asset-rich and income poor. The house on it's own is doing quite well.
Given that I won't qualify for a normal mortgage based on my personal income, who are the people I need to be talking to get financing? What kind of financing am I looking for?
Thanks in advance