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Updated about 8 years ago, 10/13/2016
How to pull money from the house
I have 10 houses and 10 loans under my name most of them were bought this and last year. Most of them have 30-40% equity. I have spent 10k to 15k into 4 houses to do some improvement. Now I am out of money. I already have 401k loan and HELOC from my primary home. How to get the money from rental property? I haven't found any bank can do line of credit for rentals (Wells fargo has it but needs 2 years tax return to count the rent as income). My current lender can only do delay finance in which the loan can not pass 75% of the purchase price (I paid 25% down). I need down payment for future purchase. Any idea to get the money from other sources? If you are lender can help, please contact me. My credit score is 740+ but was denied to a personal loan recently due to too many loans in 2 years.