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Updated about 2 months ago on . Most recent reply

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Brandon Toron
2
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2
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How to get the most cash out of my property?

Brandon Toron
Posted

Hello Everyone and Happy New Year!

I currently have a property that I own outright through an LLC in Overland Park, Kansas. I'm looking for a cash out refi for higher than 80% LTV due to the expenses that I've already put into rehabbing the property. I've heard somethings about putting a lean such as a HELOC on the property and then moving into rate and term refi.

What are my lending options or creative solutions that will allow me to get the most cash out of the property? We will likely turn this into a short term rental. 

Estimated property amount is $300k

We would love to get $270k out of the property (90% LTV).

Thanks for any and all help.

Most Popular Reply

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544
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227
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Brandon Croucier
  • Lender
  • Newport Beach, CA
227
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544
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Brandon Croucier
  • Lender
  • Newport Beach, CA
Replied

Nobody in their right mind is lending 90% on investment..

Sell the thing or bring in cash. 80% Max LTV.

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