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Updated over 8 years ago on . Most recent reply
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How to get cash out on 50-75k valued rentals
Curious how you would advise someone who has a low valued SF rental home, free and clear, to be able to pull cash out.
Say you have a group of properties that fit this criteria, what would be the best way to pull cash out?
-Homes valued 50-75k
-Cash Out desired: 40-60%
Is this doable with an individual property like this?
I've found many banks will only lend a minimum of a 50k loan, which is outside most LTV.
If it isn't doable with an individual, could you bundle properties together somehow, like in a trust or some other vehicle, to reach the minimum required numbers?
Thanks for your help