Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

84
Posts
66
Votes
William Joseph
  • Property Manager
  • Plantsville, CT
66
Votes |
84
Posts

Advice on accessing equity

William Joseph
  • Property Manager
  • Plantsville, CT
Posted

I own a single family house with no mortgage. I bought it as a flip and listed it 2 months ago. Property has been under contract twice and both buyers walked due to the current pandemic (understandable). I have no interest in putting a tenant in as it is staged and still getting a trickling of showings. The question I have is what is the best way to leverage the equity in the property. It is owned by an LLC and is not commercial property. I guess I could get my hard money lender to lend against it but really want to avoid the points.

Any non HML solutions? Will a commercial lender lend against residential property? I would be fine with a low LTV 65% line.

Loading replies...