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Updated over 8 years ago on . Most recent reply

User Stats

13
Posts
2
Votes
Aaron Blevins
  • Investor
  • Columbus, OH
2
Votes |
13
Posts

How to get cash out on 50-75k valued rentals

Aaron Blevins
  • Investor
  • Columbus, OH
Posted
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

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