Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 3 years ago,
Possible line of credit on investment property, 1st position?
Any contacts greatly appreciated. Im looking for a line of credit on a couple investment properties I own outright. There's no loans on the properties, so the line of credit would be first position. I've considered a cash out REFI, but I don't see the value in paying closing costs and losing 3.75% of my income if I don't have an exact place to put the capital. I just want access to it in the form of cash when I find more deals. Anyone have advice or contacts? My current equity is approx $2.5M