How Can I Pull Money Out Of My Homes

[Michael Glaser]

I purchased 4 SFH's in Kansas City in an off-market deal last week under my LLC. I bought my first rental property in April of 2016 under my own name.

My 4 SFH deal, my homes were purchased for $177,000. They appraised at $217,000, which makes my LTV 62%. The bank for my 4 will only loan out on the purchase price, which is 80%.

My first home bought in April sits at 72%. 

I have another house I'd like to scoop up, but I don't want to put more of my own cash in. 

Do I try and speak to my bank about my 62% LTV and my 30% Cash on Cash return I can get on this current deal I'd like to offer on?

Should I get a hard money loan to snag the deal?