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Updated about 7 years ago,

User Stats

39
Posts
32
Votes
Mike Storey
  • Investor
  • Williamston, SC
32
Votes |
39
Posts

Best way toCashing equity out of SF rentals

Mike Storey
  • Investor
  • Williamston, SC
Posted

I am looking for some input on how to best access my rentals equity. Property 1 is a mill house that has an ARV of 30k. Property 2 is a double wide on land with an ARV of 85k. My issues are property 1 is a tax deed ( quick claim) and property 2 being a mobile not attached to the land is an issue that traditional lenders don't care for. I am located in SC. My goal is to free up some equity so I can purchase more property in 2018. I am a buy and hold investor looking to fund my retirement and both properties cash flow nicely. Thanks for any ideas.

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