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Updated about 2 years ago on . Most recent reply

User Stats

24
Posts
13
Votes
Francisco Ruiz
  • Investor
  • Mckinney, TX
13
Votes |
24
Posts

Utilize equity without refinance

Francisco Ruiz
  • Investor
  • Mckinney, TX
Posted

We have two short term rentals, one in TN (rate at 3.25%) and one in VA (rate at 3.8%). Don't want to move from those rates to current rates, but would like to find a way to utilize or take advantage of the equity in both for other projects. Any creative financing options to consider or look into?

  • Francisco Ruiz
  • Most Popular Reply

    User Stats

    284
    Posts
    224
    Votes
    Zeona McIntyre
    • Real Estate Agent
    • Boulder, CO
    224
    Votes |
    284
    Posts
    Zeona McIntyre
    • Real Estate Agent
    • Boulder, CO
    Replied

    Hey Francisco, 

    You can get HELOCs on investment properties. They are rarer but definitely still an option. I would definitely do that over a refinance. 

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