Lots of Financing options.. none seem good

[Casey Cu]

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?

[Jon Holdman]

Why not sell the free & clear rental now? Sales are slow, but rates are very low. I don't see anything happening in the next two years to make the situation better. Clearly taking a hit on the fees to mortgage this would not be a great choice.

Why not just a conventional loan on the new property?