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Updated about 3 years ago,

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71
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6
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Cash Out on Paid Off Duplexes?

Matthew Lindsey
Posted

Hi,

I have been thinking about trying to pull cash out a property of mine. The property is two duplexes on one piece of land so technically it's 4 units. The property is paid off with no mortgage. I'd rather not do a HELOC. I want to use the cash for other investment properties down payments. What are my options to pull the cash out of paid off property. The property is owned by my LLC, is there any way to pull out cash and have the loan under my LLC so it doesn't affect my personal DTI?

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