Need help getting equity out of a Duplex

[Zachery Highfield]

Hey I hope everyone is good! I am very curious to see if anyone out there can help me access some equity in my duplex. This is my first time doing it and these are the issues I have ran into so far, if anyone has any advice or services to offer I would love the help!

1. Won't lend on the whole duplex because my primary residence is only for half of the property.

2. They do not like my AIRBNB income

3. Then a couple of the banks would not touch it because it is a multi - family property, and the only work with single family.

[Kevin Romines]

You can get a conventional loan cash out up to 75% LTV, any lender can offer this. If they don't or wont due to the fact that its a duplex, its because they as a lender have an overlay that Fannie Mae / Freddie Mac doesn't have? There are also lenders that will give you a HELOC up to 80-90% on this. Do some searching, you will find the best lender.

As far as Short Term Rental income, most lenders can not count the income until it shows up on your tax return. Do you have 2021 tax return with this income showing up on it. If so, it should be counted. If not, the appraiser will show what the market rents are (long term) and you should get credit for that rental amount. 

I hope this helps.