Options to pull cash out of my first investment

[Bernard Davis]

Greetings.

I’m in in process of closing on my first investment property, a condo that I am keeping for cash flow.

I purchased the unit in cash for 60k and it has a tenant whose staying put @ 1000 per month.

Expenses including vacancy and such are $350 per month.

ARV as is is about 85K and could rise to 100k with 7-10K in upgrades

I want to be able to pull out as much of my initial cash as possible for other deals.

I've looked at DSCR, HELOC, etc., but I'm not sure of the best and quickest method.

Thanks In advance for all of your input.

[Kevin Woodard]

@Bernard Davis In terms of timeline, what are you looking for? I would expect your average DSCR loan to close in 30 days.