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Updated over 10 years ago,
Is it possible to finance my Texas property as an out of state investor?
I am getting discouraged. I have a rental property in Texas that I would like to draw the equity from. I was told that I had to have two properties to do this.
So far I have tried a refinance (quicken loans) and was told this after they had ran my credit and I gave them all my info. I don't wish to sell. I have about two years of mortgage payments left.
What other ways can I tap the equity? I figure after all the fees I would get 30-45000. I want this money to invest here in California (I live here). Thank you so much for your advice!