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Updated over 6 years ago,

User Stats

30
Posts
19
Votes
Russell Buxton
19
Votes |
30
Posts

Pulling equity out of rental properties

Russell Buxton
Posted

Any tips on the best ways to pull out equity from rental properties?  I own 5 free and clear all around 200K. I want to leverage up. Been turned down for HELOCs as I own too many properties (their reasoning, despite 800+ credit score) Cash out refis seem to cost a lot on fees, especially on 5 properties. Best rate I'm being quoted at the moment is 5.75 for 30year fixed with Crosscountry Mortgage. Any tips or advice? Thanks

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