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Updated over 6 years ago,
Pull Cash out of Fully Paid Property, Jax, FL
I need some ideas, thoughts and recommendations on pulling money out of a property. I haven't been able to find a lendor in my area that will lend on HELOC on the property. I would like to pull money out of a fully rented property and use the cash for new opportunities. Anyone have ideas or leads. Property value is around $110k, looking to pull out less than 80% of that value. I have good credit. I have an existing mortgage on my primary residence.
Give me your thoughts.