What kind of financing to use to pull money out of second home?

[Charles M.]

I own a house that I am rehabbing that I am getting close to having ready to advertise for rent. There is no mortgage on the house. What kind of financing should I look into if i would like to pull some money out to cover purchase cost and improvements? 

[Carter Crowley]

@Charles M.

Always try your local community banks first. Depending on how you are holding title, it would be best to do a cash out refi in your personal name, then switch it to an LLC.

If you already bought in an LLC they may want you to do a commercial loan on it. Which means higher rates and shorter term