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Updated over 14 years ago,

User Stats

15
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0
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Casey Cu
0
Votes |
15
Posts

Lots of Financing options.. none seem good

Casey Cu
Posted

Purchasing 3rd Rental unit (50k 1br/1ba short sale)

own a rental house free and clear (about 100k), but plan on selling it in a year or two....

rental w/ 60% Loan-Value (190k-115k)
have about a 70% Loan-Value (243k-345k) on primary..

So I can't get 50k HELOC without going over 80%

Can't get HELOC on investment except Wells Fargo.. but high fees and cancel fees

Could do regular loan on rental, but hate to pay 2500 in fees when selling in a year or two...

Other Ideas?

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