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Updated about 4 years ago,
Trying to figure out best financing options
I will have 2 houses owned out right in the short near future. I am trying to figure out the best way to draw my money back out. One house I've owned for over a year the other I'll be closing on in December. I don't know how i should go about acquiring lines of credit or getting mortgages on these houses.
when I talk to loan officers they often mention lines of credit are for personal residence. I would take a loan on the new house after close however the house isn't very expensive and the loan officer sounds doubtful of the bank approving it.
i am a little lost and i dont know where i should go for lines of credit for investment properties. Any help would be appreciated