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Updated almost 9 years ago on . Most recent reply

Edward Hayes's profile image
Edward Hayes's profile image
Edward Hayes
  • Investor
  • from Davidson, NC
  • Member since Apr 6, 2016
Connect

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13
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2
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Edward Hayes's profile image
Edward Hayes's profile image
Edward Hayes
  • Investor
  • from Davidson, NC
  • Member since Apr 6, 2016
Connect
Edward Hayes
  • Investor
  • Davidson, NC
2
Votes |
13
Posts
Private Lending & Conventional Mortgage Advice

Cash out rental financing

Edward Hayes
  • Investor
  • Davidson, NC
Posted

I own a property in NC with an estimated value of 55k.  I'm trying to find a lender that will allow me to take out a mortgage or loan against that property for 30k so I can invest in another property.  My credit union recently changed thier lending rules and no longer does cash out on rental properties.  Any advice on lenders that do loans this small would be greatly appreciated. 

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