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Updated almost 6 years ago,
Pulling out the equity from an investment ???
Im a fairly new investor, just starting to buy houses to flip, I’ve had rentals for 10 years which is a different ball game. I’m trying to figure out how to pull the equity of a house that’s is worth more than what I purchased as an investment? My Bank won’t do it, but i know there’s a way to do it.
Purchased a home $93k tax valued $150k, there’s $43k of equity.
I’ve paid out of pocket to rehab and will be on the market in a few weeks, but if i could of pulled some equity from it, i would of used my money towards another. I’ve asked CPA, Broker, investors, and no one seems to want to help at all, so investing language has been all self taught. I know the remodeling side I’ve done it for years and have built a business relation with all my subs. Now is getting the investment part.. any advise or help?