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Creative Real Estate Financing

User Stats

12
Posts
6
Votes
Moises R.
  • Investor
  • St Louis, MO
6
Votes |
12
Posts

Looking for a $100k DSCR cashout on property i own free/clear

Moises R.
  • Investor
  • St Louis, MO
Posted May 4 2024, 16:13

Hi, my goal is to access the equity in the rental property. It's a duplex. It's paid off. I have it in a separate LLC. I would estimate it's value at 130-160k. I don't want a loan larger than 100k.

Most lenders have a minimum of 150k for their DSCR products. Any suggestions if i want to do a smaller amount? I'm in St Louis, MO. Thank you!

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