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Updated over 2 years ago,

Michael B.'s profile image
Michael B.'s profile image
Michael B.
Pro Member
  • Member since Jul 21, 2021
Connect

User Stats

26
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2
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Michael B.'s profile image
Michael B.'s profile image
Michael B.
Pro Member
  • Member since Jul 21, 2021
Connect
Michael B.
Pro Member
2
Votes |
26
Posts
Multi-Family and Apartment Investing

Need help Options on Loans.

Michael B.
Pro Member
Posted

If you own a a building worth about 4.5 mil what option would you do with the equity in this market. The lenders are giving me 65% LTV which comes out to 2.5mil.

What kind of loan or line or credits would you use. 


I was thinking of getting a line of credit and buying a building for about 2 million rehab and get it re appraised and then CASH OUT REFINANCE it. Pay back the first loan so now i have zero debt on the 26 units. REPEAT

  • Michael B.
    • Miami, Florida
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