How to tap equity in single family rental property?

[Ben Schofield]

I have a single family home rental property with no mortgage.  What is the best strategy to use the equity in this property to buy additional properties?

[Kevin Romines]

@Ben Schofield If you go with a conventional loan, i.e. Fannie Mae / Freddie mac, then you can pull up to 75% cash out on the refinance. Some investors like to consider lines of credit, however they are hard to find for rental property and can be just as limiting on the LTV as the cash out. They are out there, but you will have to look a bit to find them.

If you want a line of credit, I would look at your local credit unions and community banks. Otherwise any mortgage lender can do the Fannie Mae 75% cash on the rental. Good luck!!!