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Updated over 3 years ago on .

User Stats

31
Posts
1
Votes
Christopher Russell
  • Investor
  • Delray Beach, FL
1
Votes |
31
Posts

Possible line of credit on investment property, 1st position?

Christopher Russell
  • Investor
  • Delray Beach, FL
Posted

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