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Updated about 4 years ago,
Vacant investment property loan options
Hello, I bought a vacant investment property with cash in October 2020 and want to get money out of it to purchase another place. It’s still vacant as I’m working on renovations (it’ll take a minute since it’s in historic district). What’s the best way to do this (cheapest, most money) Heloc, delayed financing? Is this easy to get? what kind of banks should I look for? Property in GA. Eventually when project is done (prob a year to be conservative) I’ll cash out refi with a conventional loan but don’t want to leave my money in there that long. Thanks in advance!