Which Type Of Funding

[Troy Geiger]

I have an LLC formed that has a residential home with no mortgage that is part of the LLC. The property has been rented for 5 years at $1,500 per month. The current property value is $220k. My question is, What type of loan would be best to get the most equity out off the property and use it to purchase a beach condo for investment purposes. I plan to refinance the condo after the initial purchase to recoup the money that was borrowed and pay the balance back to the home already in the portfolio. Thanks for any input