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Updated almost 16 years ago on . Most recent reply

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Mandy Stein
  • California
0
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1
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How do I get cash out?

Mandy Stein
  • California
Posted

I own a small commercial property. It is actually 2 parcels and one large driveway/parking lot. This is used as office rentals.
My ex spouse and I bought this property in 1973.
I own 1 parcel. I do not carry any type of debt on this property. The yearly taxes are $800.00.

My question is how do I get between 60-80K out for another investment? I have a very high credit score. I wanted to ask here before finding a Broker, etc...

Thanks and I was hoping I could get a HELOC. The value is around 400K for my parcel, but I would have it appraised, and I know that costs over $1000.00 to 1500.00 for one, I think.

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