Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 19 hours ago, 01/05/2025
How to get the most cash out of my property?
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.